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Data▼ Bearish for Indian equities
Electricity shortage rises fivefold in September, remains low in volume
The brief
- Electricity shortage rose to 544 million units in September from 98 million units in August
- The shortage increased as power demand rose and thermal plants’ coal stocks fell
- Power shortages may pressure Indian generators and raise demand for Coal India’s supply
- 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