India Coal Supply to Power Plants to Normalise Soon

India expects coal supply to power plants to normalise soon as daily deliveries reach a record 2.6 million tons. The power ministry addressed rising demand and critically low stockpiles driven by hot weather and reduced hydropower.

Xurve View
Insights:
FILE PHOTO: A JCB machine loads coal onto a dumper at the Deendayal Port in Kandla, in the western state of Gujarat, India, September 25, 2024. REUTERS/Amit Dave

India is supplying 2.6 million tons of coal daily to power plants, with supply expected to normalise soon following delivery disruptions. The number of power plants holding critically low fuel stocks rose to 96 by Thursday morning from 60 in mid-September. The crunch threatens broader industrial output as peak electricity demand surges across the country.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.