The current stock of coal at NTPC, India’s leading thermal power producer, presents a grim picture. Of the 15 power stations operated by NTPC, five are sitting on very low stocks of coal, of which three are in a supercritical state. For full story, click here
Coal stocks dipped across the board Wednesday after a pileup of bleak economic news sent investors scurrying, worried that a reversal of the market’s rally will translate to more pullback in demand for basic materials. For full story, click here
Shortage of coal is still continuing to play havoc with thermal power companies as 30 coal-based plants have stocks that will meet their requirements for less than seven days. For full story, click here
Genscape announced that coal stocks at U.S. power plants increased 1.3 percent this week from last week and are 16.9 percent greater than the same week of 2008. For full story, click here
Coal supplies seems to have improved in the last one month with 68 per cent of the power plants having stock of more than seven days, a development that could lead to lesser power cuts during the summer season. For full story, click here
Solar Explosives’ recent contract with Coal India will boost its growth. The scrip has outperformed the Sensex during the economic turmoil over the past one year. For full story, click here
Shares of Malaysian power firm Tenaga Nasional gained 2.54 percent in trading on Tuesday on hopes that a falling coal price may lead to more earnings upgrades for the company. For full story, click here
Coal is the best commodity to get into right now. The recent global economic downturn has led to a slump in coal demand and production cuts, however serious investors are not shying away from what they see as a most opportune time.
Shares of Indonesian coal miners declined sharply on Monday after coal price benchmark in Australia fell to a nine-week low, due to weak demand. For full story, click here
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