India’s coal shortage could become another stagflationary shock, says Nomura

Amid the country’s power utilities struggling with dwindling coal supplies due to rising power demand, brokerage firm Nomura said India’s coal shortage could become another ‘stagflationary shock’. According to a research note by the brokerage, coal inventories held by the Indian power plants have nine days’ worth of stock as of mid-April, which, though up from around […]

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India’s power consumption dips by 2% to 72 million units; crisis not yet over

Power consumption dipped by nearly 2 per cent or by 72 million units (MU) to 3,828 MU on Saturday compared to 3,900 MU on Friday, showing slight improvement in supply situation across the country amid coal shortage crisis, according to the power ministry data. According to the data, the power consumption of 3,900 MU on Friday or October 8 was […]

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