Despite having 14 percent of the world's recoverable reserves of hard coal, India has been unable to meet its domestic requirements and is having to resort to large imports, which were near zero five years back. However, consumers in the country's fast-growing power, steel, cement and fertilizer industries are becoming increasingly frustrated because of the insufficient supplies from the government-owned Coal India Ltd, which produces 80 percent of the country's output. CIL estimates it will end 2010-11 with a shortfall of 110 million metric tons. Demand is expected to touch 730 million tons by 2011-12 with domestic supply at 520 million tons, leaving a shortfall of over 200 million tons.
India's Starvation Coal Diet
India's Starvation Coal Diet
India's Starvation Coal Diet
Despite having 14 percent of the world's recoverable reserves of hard coal, India has been unable to meet its domestic requirements and is having to resort to large imports, which were near zero five years back. However, consumers in the country's fast-growing power, steel, cement and fertilizer industries are becoming increasingly frustrated because of the insufficient supplies from the government-owned Coal India Ltd, which produces 80 percent of the country's output. CIL estimates it will end 2010-11 with a shortfall of 110 million metric tons. Demand is expected to touch 730 million tons by 2011-12 with domestic supply at 520 million tons, leaving a shortfall of over 200 million tons.
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