New Delhi, Oct 2 (PTI) Coal demand before the festive period was subdued due to an extended monsoon, and the overall demand scenario is likely to remain sluggish in the current fiscal year, according to B2B e-commerce solution provider mjunction services.

From a mid-to-long term perspective, however, coal demand is expected to keep growing, albeit at a slower rate, in view of the strong pipeline of thermal power projects being planned and announced.

According to mjunction services CEO Vinaya Varma, domestic coal market is currently facing a market glut.

“While this market glut may be a temporary phenomenon, we need to balance supply and demand to ensure that investments in coal, especially by new commercial miners, are protected," he explained.

mjunction is the pioneer of coal e-auctio

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