Coal miner Coal India Limited’s (CIL’s) efforts to deal with rising pithead stocks have been dealt another blow as an increasing number of thermal power plants have issued ‘stop supply’ notices to the miner.
Several thermal power plants across Indian provinces have asked CIL not to make any further coal supplies, citing reasons ranging from high stocks at the plant level to falling demand of electricity forcing power generation companies to reduce their plant load factor and, hence, the rate of coal consumption.
