The Indian government is considering issuing a directive to force India’s largest coal producer, Coal India Limited (CIL), to cut back its production in a bid to deal with the miner’s rising coal stockpile.
In a sharp reversal of fortunes from production shortages to a surplus and falling demand, CIL, which accounts for about 80% of domestic coal supply, was likely to be nudged to ease production, as it would soon run out of stockyard capacity and risk mounting carrying costs, an official in the Coal Ministry has said.
