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.
Get The Latest "Coal Price Forecast And
INN is the only resource online to offer an exclusive investor's report on coal investing and the global coal market (value: $49) – For FREE.
Coal Stocks To Buy" Report -
Yes, I want my free report.
Click here to download for free.