A shortage of coal has led to the country’s worst power crisis in the past few years. Following a slowdown in coal output, 48 plants (out of 89) reported sub-critical levels of coal inventory in November compared with only 27 plants in November last year. According to Brics Securities Ltd, with Coal India Ltd lowering production estimates, the shortage is expected to continue in the rest of the fiscal. International coal prices fell 6% year-on-year, but rupee depreciation has negated that benefit.
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