Industrial Metals

Coal India Rushing to Fuel Power Plants in Crunch

Industrial Metals

With power plants in India facing a fuel crunch, Coal India (NSE:COALINDIA) is rushing additional coal to plants across the country in a bid to keep them open.

With power plants in India facing a fuel crunch, Coal India (NSE:COALINDIA) is rushing additional coal to plants across the country in a bid to keep them open.

According to The Economic Times:

The development is part of emergency measures taken by the maharatna firm to avoid shutdown of nearly one-third of the thermal power plants that have coal stocks of less than four days.

As per Central Electricity Authority, 29 out of 100 thermal power plants across the country as on September 1 have been left with super critical stock of less than four days.

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