After missing 1st-quarter targets, Coal India is facing criticism yet again

Coal India officials are of the view that the shortage of coal in the power plants can be eased once hydel power production picks up in the country

After missing its first-quarter targets, Coal India is facing criticism yet again as the country's power plants continue to reel under coal stock shortage. This is even after the coal monolith stepped up production and sales dramatically on a year-on-year basis.

Company sources suggested that the prevalent 10-day coal stock with the power generators in the country against the 22-day stipulated norm is primarily owing to the hydel power sector missing its targets in the first quarter. In turn, to maintain power generation, there was increased pressure on the thermal power segment. This put serious pressure on Coal India.