Has the coal shortage for power companies subsided?
Answer
Answer
Power minister has confirmed that the coal stock scenario in India was improving with imported coal flowing in. Due to lower output by Coal India Ltd, reserve stocks of domestic coal fell from 24 million tonne to 18.5 MT. Now that has been partially addressed by coal imports. Mainly, energy demand went up from 3.5 billion units to 4.5 billion units per day.