Indian Coal-Fired Plants Running Out of Stock

Reuters reported today that according to India’s state run NTPC (NSE:NTPC), six of the country’s coal fired power plants could not handle even a small supply disruption due to low coal stocks.  NTPC Chairman Arup Roy Choudhury told the news outlet that coming monsoons would make it even more difficult to replenish stocks in the country.

As quoted in the publication:

Stocks at three of the six plants would last less than one day, Choudhury wrote in the letter, which was obtained by Reuters. Choudhury was not immediately available to provide an update on stock levels on Thursday. State behemoth Coal India (COAL.NS), the world’s largest coal miner, has failed to raise its output fast enough, forcing India to import millions of tonnes of the black rock for its thermal power plants.

Click here to read the full Reuters article.

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

Copper
Silver - $15-50m
Other Companies

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply