Booming Indian coal demand powers rise of state-run giants | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Booming demand for Indian
coal is driving up the shares of miner Coal India and
power generator NTPC Ltd, state giants investors once
dismissed as plodding dinosaurs, but which are now.
NTPC, which produces mostly coal-fired power, has surged 78%, far ahead of a gain of 17% in the broader Nifty Index, while shares of Coal India are up 55% for their best year in 2023.
Booming Indian coal demand powers rise of State-run giants thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
India has urged its states to step up coal imports for the next three years to build up inventories and satisfy demand, four sources said, a move set to benefit global prices of the fuel, already running high because of war in Ukraine.