Since Coal India is being pushed to ensure supplies to power plants that are running low on coal, it may be diverting supplies away from industry. Their coal stock is down to 3-4 days and that could result in output cuts in October. This is a significant risk as lower output will increase per tonne cost of production due to poor scale economics and hit margins. Importing coal to bridge the supply gap will be expensive while low output means lost sales during a time of high prices.
12.13 AM Oct 15th
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