Coal inventories at India’s thermal plants kept sliding this week, with over two-fifths of the monitored fleet below critical levels. The government responded on two fronts: an emergency order for captive plants and a proposal to blend imported coal. Global prices eased slightly, but freight, the rupee and Indonesian premiums keep import costs high, just as the policy pivot begins.
Coal stocks at Indian thermal plants stood at 21.98 million tonnes on 26 September. That is 24% below the 29 million tonnes held at the end of August. The stock covers only seven days of generation and meets 37% of the normative requirement, CEA data reported in the media shows.
Eighty of the 190 monitored plants were critically short on 24 September. The count eased to 77 two days later. It was 59 on 9 September.
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