India's Energy Crisis: Demand Outpacing Supply
Electrical power in India is controlled by one company, the 90-percent state-owned behemoth Coal India Ltd., which also happens to be the largest coal-mining firm on the planet.
Two years ago, when CIL went public, shares jumped 40 percent on the first day of trading; the IPO was one of the biggest Indian markets had ever seen.
CIL controls 80 percent of coal production in the nation, giving it dominance in a country where coal provides for more than half of the electricity.