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Data▼ Bearish for Coal India
Coal India achieves 39% of FY27 production target in H1, September output up 9%
The brief
- H1 production reached 39% of the FY27 target
- September output rose 9%, while H1 production fell 2.5% year-on-year from 329.1 MT
- Production shortfalls may affect Coal India and coal-dependent power producers
- No coal shortage, says Reddy; plants with critical stocks rise to 82
- Coal India Unit SECL said to hire banks for $800 million IPO
- Coal stocks worsen as 77 thermal power plants face critical inventories
- India orders 112 captive coal plants to run at full capacity from October 1
- SAIL signs MoU with BCCL for joint development of coal blocks