Indian laborers work at a coal warehouse in Ahmadabad, India, Tuesday, Oct. 19, 2010. According to news reports, Coal India Ltd’s $3.5 billion initial public share offer, the largest in India’s history, was oversubscribed by 1.57 times hours before closure of the second day of the issue on Tuesday. The government is divesting 10 per cent of its stake in CIL – the world’s largest coal producer coal reserve holder in the world, contributing 82 per cent of total coal production in India.(AP Photo/Ajit Solanki)

India’s impending energy crisis is an urgent and growing concern as fuel inefficiency are greatly bearing down on homes and industries in most parts of the country. The country is struggling to provide round-the-clock power as around 50 power plants have just a few days of coal stock to fuel the power stations in the country. With the shortage of electricity reaching 21,000 megawatts, the energy crisis is expected to worsen this summer. Continue reading →