India should rein in its lofty coal output target as power demand is growing at a slower pace than expected, a government policy think-tank said, even as state monopoly Coal India Ltd (CIL) struggles to sell already-mined coal.
A turnaround in India’s coal sector, from crippling shortages three years ago to a surplus thanks to faster government clearances, is seen as a major success for Prime Minister Narendra Modi.
