The National Coal Index (NCI) saw a notable decline of 3.48% in June 2024, settling at 142.13 points, according to a statement from the coal ministry on Friday. This decrease from 147.25 points in June 2023 suggests that coal availability in the market remains robust.

The drop in the NCI indicates a healthy supply of coal, which is crucial for meeting the increasing demands across various sectors. The index’s decline reflects an adequate stock of coal, ensuring that there are no significant shortages impacting industrial or power generation activities.

The coal ministry’s update reassures stakeholders of the stability in coal supply, supporting continued operations and growth in sectors reliant on this essential resource. The current levels of availability are expected to help manage and meet the energy needs effectively in the coming months.