India Coal Scales Down Output Targets

- December 8th, 2011

IBTimes reported that lower coal production targets by Coal India (BSE:533278) mean the country could face power outages.

IBTimes reported that lower coal production targets by Coal India (BSE:533278) mean the country could face power outages.

As quoted in the market news:

A large number of coal-based power plants now face a shortage of coal stocks after CIL failed to meet its fuel supply obligations. India’s Planning Commission had earlier projected the target to reach 200 million tonne in the next five years.

Click here to read the full IBTimes report.

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