-+ 0.00%
-+ 0.00%
-+ 0.00%
Small Indian Factories Face Blackouts as Coal Stocks Plunge
Share
Listen to the news
Blackouts have started to hit households and smaller Indian factories and steel mills as coal inventories at many power plants plunge while electricity demand soars amid warmer weather and much lower hydropower output. Demand has been exceeding supply in recent weeks, leading to power cuts for households in some areas, as well as smaller factories and smelters, Bloomberg reported on Monday.  The record El Niño has led to the weakest monsoon season in India in a decade and raised temperatures to above normal for this time of year. This…
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending