India’s Coal Supply Shortfall May Triple in 5-7 Years, ICRA Says
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India’s coal deficit may triple over the next five to seven years, cutting profits at utilities as they boost imports, a local unit of Moody’s Investors Service said.
An increase in coal imports may push up prices and “seriously affect” the ability of power companies to pay debt, ICRA Ltd. said in an e-mailed note yesterday. Production was 67 million metric tons lower than demand in the fiscal year ended March 2010, according to the report.