India’s Coal Stocks Soar to Seasonal Record

As coal mining soars, coal stocks at India’s power generators have hit their highest-ever level for this time of year despite record coal-fired power production to meet surging demand. Coal-fired power generators had amassed as many as 44 million tons of coal as of the end of February, nearly double the 26 million tons stockpiled at the same time in 2022, per data from India’s Ministry of Power analyzed by Reuters market analyst John Kemp. Currently, stocks at India’s coal-fired power generators are sufficient to cover more than…