Coal India has had to divert cargoes to power plants to prevent blackouts. Photo: Indranil Bhoumik/MintNew Delhi: Coal India Ltd’s sales rose to a record in January as customers of the world’s biggest producer of the fuel continued to refill their inventories. The miner, which accounts for more than 80% of India’s coal production, has increased output year-on-year every month since August, helping power plants, its biggest customers, replenish their inventories. Coal India will seek to increase shipments in the coming months after it increased prices in January, he said. Coal India has had to divert cargoes to power plants to prevent blackouts, while other buyers, including cement and aluminum makers, said they were being forced to pay more for imports.

Source: Mint February 02, 2018 09:56 UTC