India's problems with coal sector continue | BTI
In January 2017, India’s coal imports declined by 22 per cent to 14 million tonnes because of lukewarm demand from power generating stations. Coal India Limited, which accounts for 80 per cent of domestic coal production, has posted its worst ever financial results for H1-FY17 as revenues declined even as expenses rose. At the same time, PLF of thermal power stations continues to be near all-time lows of under 60 per cent.
Power utility debt costly for Rajasthan
Taking over the debt burden for three discoms in the state under Ujjwal Discom Assurance Yojna (UDAY) has proved costly for Rajasthan, spiking the state´s fiscal deficit of 2015-16 to Rs.67,350 crore - more than thrice the projection made at the start of the year.
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