India mulls mandatory 5% imported coal blending as plant stocks crumble

India is considering mandating power plants to blend up to 5% imported coal with domestic supply, a move not seen since 2024, as logistics issues have depleted plant stocks. The proposal is in early-stage discussions and would mark a policy reversal from reliance on domestic coal. If implemented, it would increase coal imports, supporting seaborne prices and pressuring India's trade balance.