India's Coal Demand Set to Jump 4.2% as Plant Stocks Hit Critical Lows

The share of coal-fired power plants in India running on critically low levels of coal inventory has soared in recent weeks to nearly 40% of all operational coal plants, Reuters reported on Monday, citing government data. As many as 74 coal-fired power plants had fewer than three days’ worth of coal stocks as of this weekend, sharply higher compared to 60 in the previous week, per the data from the Central Electricity Authority cited by Reuters. Despite the low stock levels, India doesn’t face any critical supply issues, as recent domestic...