Coal India to ramp up supplies to address utilities' fuel shortage; stock at 52-week high

State-run Coal India said on Wednesday it will ramp up supplies to utilities to address a coal shortage that has left most of the country's power plants close to running out of fuel when electricity demand is increasing.

"Despatches to coal-fired plants from October onwards are aimed at 1.5 million tonnes per day and beyond 1.6 million tonnes in due course," the miner, which accounts for over 80% of India's coal output said in a statement.

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