Fewer power cuts are likely this summer after a surge in output at Coal India helped generators amass record stocks, a turnaround for Narendra Modi who had to battle a power crisis within months of becoming prime minister last May. Fast-track mine approvals, tighter production oversight and more flexibility in coal sales have helped power station stocks recover from a six-year low hit in October, vindicating Modi's pitch to voters as the state leader who brought round-the-clock power to industrial Gujarat. As Modi prepares to mark his first year in office and seeks to fulfil ...
Fewer power cuts likely this summer as govt engineers coal turnaround
Power stations now hold 28 million tonne of coal, a 38% jump from a year ago