Coal India Pacts Not Likely to Help India Power Problems

Reuters reported that Coal India’s (BSE:533278) new power pacts won’t be enough to meet India’s demand for power.

As quoted in the market news:

Coal India expects to raise its output to 464 million tonnes in 2012/13, after producing about 436 million tonnes in the fiscal year that ended in March – missing its scaled down target.

Click here to read the full Reuters report.