Kolkata: mjunction services ltd, a joint venture between Tata steel and SAIL, country’s largest e-market place for coal and steel is hosting the 11th International Coal Markets Conference. This is a leading annual gathering of Indian policymakers, coal producers, coal traders, mine developers, operators, shipping & logistics companies, coal technology providers, analysts and the consumers of coal from across sectors like cement, power, steel and paper.
The conference seeks to highlight the challenges plaguing the coal industry this year and bring about a resolution for the same. mjunction’s expertise and experience in intensive research and tracking of the coal market, as conducted via the ‘India Coal Market Watch’ monthly reports and ‘Coal Insights’ printed reports enables them to remain up to date with the current market issues. All such relevant topics catering to the delegates shall be the key point at this conference.
mjunction CEO Mr Vinaya Varma said in the welcome address, “The Indian power sector and hence the coal market is undergoing a rapid change in terms of structure and mix. On one hand, the lukewarm demand facing the thermal power plants and the low PLF remain a big concern. On the other hand, the rapid progress in solar and renewables comes as a possible disruptor. All these developments will have an immense impact on the coal and allied industries. It is interesting to see how the coal sector prepares itself to face the changing dynamics.
“In this context, the 11th Indian Coal Markets Conference is going to be a good platform for the policymakers, industry and other stakeholders to brainstorm the better way to move ahead, in making good progress for the economy as a whole, but with minimal impact on the existing structures”.
He also added that there has been notable increase in solar power generation which is giving a stiff competition to the coal market. At the 11th Indian Coal Markets Conference we will search for answers from 41 eminent speakers across the globe to issues the industry is currently facing.
The event has been segmented into nine sessions to be conducted by eminent panelists including industry stalwarts, policymakers and pioneers of coal and allied industries, through a period of two days.
Though the sales outlook of CIL for 2017-18 looks positive , the sector is being threatened by a host of other issues such as health of discoms, downgrading of mines due to quality concerns, challenges from renewable sector, poor demand from thermal power companies among others. 41 eminent speakers from across the globe will share their thoughts on these concerns over a period of two days.
The conference will be followed by mjunction’s 8th Indian Coal Markets Awards Night organized in association with the Cement Manufacturers’ Association. Industry participants, under various service categories – Coal Importer/Coal Port Performer/Coal Inspection Agency/Coal Mining Contractor among others are to be awarded based on their performance depending on a voting process open to all the Industry participants.
This is the only extensive platform that caters to the consumer organizations to know about the prevalent trends in this particular industry – the production, consumption, demand, prices and global situations, by hearing from the top policymakers. The event is the best potential ground for business networking and also offers scope for the service providers to meet prospective delegates.