The brief
- Coal India production rose 9.2% in September
- The company expects production to pick up further as monsoons end
- Higher output supports Coal India and may improve coal availability for Indian 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