India Shelves Mandatory Coal Imports Plan
India has reportedly dropped a proposal requiring power plants to blend imported coal due to high thermal prices. Policymakers instead instructed domestic producers to boost output.
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India dropped a proposal to mandate coal imports for power plants, shelving plans designed to rebuild dwindling domestic stockpiles. The reversal follows multi-year high thermal coal prices that made seaborne shipments unattractive. Rising energy import bills are straining state budgets as regional conflicts involving the United States, Israel, and Iran disrupt global markets.
