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imported coal used in blending, despite being low in REFERENCES
quantity. However, as per the data, there is no evidence to
support that the increasing overdues to gencos played a [1]
part in exacerbating the crisis. rejuvenation-evident-in-indicators-inflation-to-
The study also provides an insight into the movement html
of coal stock with despatch of coal from coal suppliers.
Under normal circumstances the relation is intuitive and [2]
positive, meaning that increased despatches from coal roots-of-economic-recovery-deepen-as-
suppliers lead to increase in coal stocks. However, during restrictions-ease/article36068068.ece
period of shock, the relationship reversed, implying that
the increase in despatch of coal lagged the depletion [3]
of stock. As the stock in coal decreased, coal supplier severe-is-india-coal-crisis-what-is-govt-doing-to-
increased despatches to ensure that a normative level of address-it-7570164/
coal stock was maintained. The reversal in the direction of
association of coal despatches and coal stock levels from [4]
approximately April 2020 marks a shock which ultimately general-news/no-coal-crisis-in-india-fm-nirmala-
led to the acute coal shortage that gripped the nation in sitharaman-dismisses-baseless-speculations.html
the months of September and October 2021.
However, the results of the study are to be interpreted india-coal-shortage-explained-7555184/
with caution. Since the period being studied is a period of
shock, it comes with a natural restriction on the number [6] https://w w
of data points in the sample and the models discussed in imports-by-power-units-slide-to-7-year-low/
the study are only directional. article37220187.ece

ACKNOWLEDGMENT [7] h t t p s : / / w w w. t h e h i n d u b u s i n e s s l i n e . c o m /
Authors thank the Corporate Services department for fall-43/article37872274.ece
their valuable inputs and suggestions in this matter.




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