India reportedly shelves plan to mandate coal imports despite low power-plant stocks
The Economic Times, publishing Bloomberg’s report, says rising coal prices and a weaker rupee made imports more costly.
TLDR
Bloomberg reports in The Economic Times that India shelved a proposal to require power plants to blend imported coal with domestic supplies, citing people familiar with the private discussions. Policymakers instead asked Coal India to boost output and the railway to help deliver fuel to power stations, the report says. Nearly half of India’s power plants had “critical” coal stocks as of October 17, according to power ministry data cited by Bloomberg.
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