orchard
Player Valuation: £60m
'Bad boys' are back: India doubles down on coal as heatwave worsens power crisis
MUMBAI, May 6 (Reuters) - India is planning to reopen more than 100 coal mines previously considered financially unsustainable, as a heatwave-driven power crisis forces the world's third-biggest greenhouse gas emitter to double down on the fuel after months of low consumption.
State-run Coal India (COAL.NS), which accounts for 80% of domestic coal output, saw production fall for two straight years ended March 2021 mainly due to a lack of demand during the COVID-19 pandemic. India also pushed utilities to cut imports of coal used for power generation to zero during that period.