Narendra Modi Rides on Lucky Streak as Global Coal Prices Plunge Like Crude

摘要

The biggest challenge for Narendra Modi on the energy front is obviously coal. However, here too his luck seems to be holding good. A fall of 25% in global coal prices over the past six months is likely to bring cheer to power producers in India. At $46 a tonne, the price of imported coal is inching closer to that sold by state giant Coal India Ltd (CIL).