- Mr Market
- 20-Nov-2014
1. NTPC Vs. Coal India - Clash of the Titans?
In a very interesting development in 2013, NTPC held back its payments to Coal India citing poor coal quality - A chunk of coal samples contained stones and rocks instead of coal. This increases the cost of power generation for NTPC. Coal India responded by stopping the supply of coal to NTPC for a brief period thereby jeopardizing the power supply to Eastern & Northern grids.
2. Incredible INR/USD Exchange Rates
With the current USD/INR rate hovering at 60, one can only end up staring in disbelief at the below table which depicts the average annual currency exchange rate for the Indian Rupee.
