Coal India Inventories Swell as Miner Gears Up for Summer Demand

Coal India Ltd.’s inventories surged to a record as the miner prepared for a spike in demand over the coming summer.

The state-owned company had 115 million tons in unsold stockpiles as of Feb. 26, which are expected to rise through the next month, it said in a filing on Friday. With another 55 million tons at power stations, the country was well-placed to meet summer demand, the firm said.