#PM #Modi's #coal turnaround to ease #chronic #power cuts this #summer

New Delhi: Fewer power cuts are likely in the country this summer after a surge in output at Coal India helped generators amass record stocks, a turnaround for Prime Minister Narendra Modi who had to battle a power crisis within months of becoming prime minister last May.
Fast-track mine approvals, tighter production oversight and more flexibility in coal sales have helped power station stocks recover from a six-year low hit in October, vindicating PM Modi's pitch to voters as the chief minister who brought round-the-clock power to industrial Gujarat.