India’s top metals and cement makers are hurt by a fall in the availability of coal from state-owned Coal India Ltd (CIL NSE 0.63 %) and its subsidiaries, which are sending more of the dry fuel to the power sector while cutting down the supplies to other users.
“We heard from CIL that there is no sufficient coal available and that is why they have stopped the supplies. Our stock as of today is available for the next two days,” said an executive at a top steelmaker, requesting anonymity.
