India plans to triple its coal stockpiles to 55 million tons by the end of the fiscal year to prevent energy shortages, as current inventories hit a three-year low.
India's coal, power and railway ministries aim to lift stockpiles from 18 million tons to 55 million tons by March 31, with inventories at their lowest since 2021 and covering only six days of generation. Such a restocking push implies heavy domestic coal offtake over the coming months, which supports volumes at India's dominant coal producer. The article names no company and gives no price or volume figures, so the link is indirect.
The target is 55 million tons, up from 18 million tons currently, to be secured by the end of the fiscal year on March 31.
Inventories are at their lowest since 2021 and are only enough for six days of power generation, prompting the coal, power and railway ministries to act before next summer.
India's coal, power, and railway ministries are launching a coordinated effort to triple national coal inventories to 55 million tons by March 31. This aggressive restocking plan aims to mitigate the risk of summer blackouts as current reserves have dwindled to their lowest levels since 2021, covering only six days of power generation.
The target is 55 million tons, up from 18 million tons currently, to be secured by the end of the fiscal year on March 31.
Inventories are at their lowest since 2021 and are only enough for six days of power generation, prompting the coal, power and railway ministries to act before next summer.