Power struggle: Why India’s thermal plants face a critical coal crunch
Indian markets moved lower in a credit ratings development.
· Business Today Mkts
Coal inventories at power plants hit their lowest level since November 2023. But Crisil Intelligence says the decline appears to be a temporary logistics issue rather than a sign of structural supply stress.
The analysis
A rating move re-prices a company's cost of borrowing, which feeds directly into margins and, for lenders, into the whole model.
Market context
- Sector exposure: Power.
- The immediate tone of coverage reads negative.
In this story
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