India Addresses Increasing Demand for Coal by Developing 26 Mines

Demand for coal is expected to be about 690 million tons by 2009-10, and an estimated $18 billion of investment is required to bridge the gap between supply and demand. Providing relief to players in the steel and power industries, which are reeling under high input costs, India's government recently declared that it will not increase the notified prices of coal this year.