Coal India Cuts May Output Nearly 12% as Stockpiles Stay Above 100 Million Tons
Updated
Updated · Bloomberg · Jun 1
Coal India Cuts May Output Nearly 12% as Stockpiles Stay Above 100 Million Tons
3 articles · Updated · Bloomberg · Jun 1
Coal India reduced May production by almost 12%, signaling that supply is outpacing demand even as India heads through peak summer power use.
Output since April fell nearly 11% from a year earlier, while shipments rose just 1%, showing electricity demand has not translated into stronger coal offtake.
Unsold inventories have stayed above 100 million tons for more than a year, prompting the state-run miner to restrain production.
The cut underscores pressure on India’s coal market as the energy mix diversifies, weakening demand growth for the fuel.
Why is India building new coal plants while its top miner drowns in a 100-million-ton surplus?
With renewables now cheaper than coal, is India's fossil fuel-powered growth story already over?