Business

Coal India Profit Soars as Shortages Drive Demand and Prices

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Demand for coal, which accounts for nearly 70% of India’s electricity generation, has soared following a post-pandemic revival in industrial activity and on increased use of air conditioning during a sweltering summer that delivered severe heat waves. The war in Ukraine has sent seaborne coal prices through the roof, adding competition for domestic supplies that fell short of demand. 



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