Coal India Temporarily Stops Supplies to Industrial Users
- Step could impact aluminum, cement, steel industries
- Coal India supplying 1.6 million tons a day to power plants
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Coal India Ltd., the world’s top miner of the fuel, has temporarily stopped supplies to industrial users as the nation’s energy crisis escalates.
The move to prioritize supplies to power plants is aimed at helping boost depleted inventories that are putting continued operations at risk. But it could worsen the situation for other industries such as aluminum smelters, cement producers and steel mills, leaving them with a difficult choice of looking for costlier options or slashing production.