The National Coal Index (Provisional) has shown a significant decline of 3.48 % in June 2024 at 142.13 points compared to June 2023, where it was at 147.25 points. This notable decrease indicates sufficient availability of coal in market to meet the growing demands.
The National Coal Index (NCI) is a price index that combines coal prices from all sales channels, viz. Notified Prices, Auction Prices, and Import Prices.
It considers prices of coking and non-coking coal of various grades transacted in the regulated (power and fertilizer) and non-regulated sectors.
Established with the base year as FY 2017-18, NCI serves as a reliable indicator of market dynamics, providing valuable insights of price fluctuations.