Indian coal imports more than tripled from 64 MT in 2010 to 194 MT in 2014 as thermal generation grew at a rapid pace, while the growth in domestic production remained low. The demand for coal continued to grow in 2015 with thermal generation up a healthy 6%. However, in 2015 the growth in domestic coal production was even higher at more than 8%, the highest growth rate in at least 11 years. With production growth exceeding consumption growth, imports started to decrease and was down 16% Year on Year (YoY) in the second half of 2015. Imports continued down in first few months of 2016 , but imports in June and July were back in growth territory. Thermal power generation growth has slowed down in recent months, leading to dipping PLFs (Plant load Factors) and hence domestic coal production has also nosedived. In August and September, the YoY production growth was negative with -6% & -10% respectively and hence Year to Date coal production came down to a spare +2%.