{"id":58608,"date":"2023-09-25T11:23:09","date_gmt":"2023-09-25T10:23:09","guid":{"rendered":"https:\/\/www.climatepolicyinitiative.org\/?post_type=cpi_publications&#038;p=58608"},"modified":"2026-03-28T13:07:20","modified_gmt":"2026-03-28T13:07:20","slug":"the-role-of-coal-in-a-sustainable-energy-mix-for-india","status":"publish","type":"cpi_publications","link":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/","title":{"rendered":"The Role of Coal in a Sustainable Energy Mix for India"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Future-Proofing India&#8217;s Coal PSUs<\/h2>\n\n\n\n<p>Public Sector Undertakings (PSUs) hold strategically important and dominant positions in India\u2019s energy sector. These PSUs are valuable assets for the Indian state delivering significant financial benefit to its primary shareholder, the Government of India. Further, they employ millions of citizens, engage in community building, and take on activities of strategic importance.<\/p>\n\n\n\n<p>With the growing pressure from cost-competitive clean energy sources and India\u2019s global decarbonization commitments, the businesses of Indian energy PSUs are likely to face challenges due to their carbon-intensive nature, thereby translating into a potential loss for the Indian state at large and necessitating mitigatory strategies.<\/p>\n\n\n\n<p>Given the thematic focus of the volume in which this chapter is published; the chapter evaluates the transition linked to financial risk and proposes a business diversification framework for the PSUs engaged primarily in the business of solid fossil mining (Coal India Limited) and conventional power generation (NTPC Limited). The business diversification framework considers technology maturity, market potential, and financial attractiveness to develop competing investment scenarios. This analysis is aimed at supporting medium to long-term business planning for the futureproofing of these PSUs.<\/p>\n\n\n\n<p>Includes contributions from Balasubramanian Viswanathan.<\/p>\n\n\n\n<p>This chapter is part of the book &#8216;The Role of Coal in a Sustainable Energy Mix for India&#8217; compiled by IIM Calcutta and published by Taylor and Francis.<\/p>\n\n\n\n<p><span class=\"button\"><a href=\"https:\/\/www.taylorfrancis.com\/books\/oa-edit\/10.4324\/9781003433088\/role-coal-sustainable-energy-mix-india-mritiunjoy-mohanty-runa-sarkar\" target=\"_blank\" rel=\"noreferrer noopener\">Read the chapter here<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The chapter evaluates the transition linked to financial risk and proposes a business diversification framework for the PSUs engaged primarily in the business of solid fossil mining (Coal India Limited) and conventional power generation (NTPC Limited). The business diversification framework considers technology maturity, market potential, and financial attractiveness to develop competing investment scenarios. This analysis is aimed at supporting medium to long-term business planning for the futureproofing of these PSUs.<\/p>\n","protected":false},"author":225,"featured_media":58614,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[],"regions":[155],"topics":[1766,1200,1194,1772,1226],"collaborations":[],"class_list":["post-58608","cpi_publications","type-cpi_publications","status-publish","format-standard","has-post-thumbnail","hentry","regions-india","topics-coal","topics-energy-and-infrastructure","topics-energy-transitions","topics-just-transition","topics-policy-and-regulation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Role of Coal in a Sustainable Energy Mix for India - CPI<\/title>\n<meta name=\"description\" content=\"Public Sector Undertakings (PSUs) hold strategically important and dominant positions in India\u2019s energy sector. These PSUs are valuable assets for the Indian state delivering significant financial benefit to its primary shareholder, the Government of India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Role of Coal in a Sustainable Energy Mix for India - CPI\" \/>\n<meta property=\"og:description\" content=\"Public Sector Undertakings (PSUs) hold strategically important and dominant positions in India\u2019s energy sector. These PSUs are valuable assets for the Indian state delivering significant financial benefit to its primary shareholder, the Government of India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/\" \/>\n<meta property=\"og:site_name\" content=\"CPI\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ClimatePolicyInitiative\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-28T13:07:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2023\/09\/Cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"1810\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@climatepolicy\" \/>\n<meta name=\"twitter:label1\" content=\"Est. tempo de leitura\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/publication\\\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\\\/\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/publication\\\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\\\/\",\"name\":\"The Role of Coal in a Sustainable Energy Mix for India - CPI\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/publication\\\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/publication\\\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Cover.jpg\",\"datePublished\":\"2023-09-25T10:23:09+00:00\",\"dateModified\":\"2026-03-28T13:07:20+00:00\",\"description\":\"Public Sector Undertakings (PSUs) hold strategically important and dominant positions in India\u2019s energy sector. These PSUs are valuable assets for the Indian state delivering significant financial benefit to its primary shareholder, the Government of India.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/publication\\\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\\\/#breadcrumb\"},\"inLanguage\":\"pt-BR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/publication\\\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"pt-BR\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/publication\\\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Cover.jpg\",\"contentUrl\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Cover.jpg\",\"width\":1280,\"height\":1810},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/publication\\\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/publication\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"The Role of Coal in a Sustainable Energy Mix for India\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#website\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/\",\"name\":\"CPI\",\"description\":\"Climate Policy Initiative works to improve the most important energy and land use policies around the world, with a particular focus on finance.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"pt-BR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#organization\",\"name\":\"Climate Policy Initiative\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"pt-BR\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/CPI_logo_cmyk_transparent.png\",\"contentUrl\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/CPI_logo_cmyk_transparent.png\",\"width\":1728,\"height\":720,\"caption\":\"Climate Policy Initiative\"},\"image\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/ClimatePolicyInitiative\",\"https:\\\/\\\/x.com\\\/climatepolicy\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/climate-policy-initiative\\\/?lipi=urn:li:page:d_flagship3_search_srp_all;GvyQ8DliSYaW9eZhdq8RBQ==\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCE8V0iDgBU8mreZdBegVCcA\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Climate_Policy_Initiative\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Role of Coal in a Sustainable Energy Mix for India - CPI","description":"Public Sector Undertakings (PSUs) hold strategically important and dominant positions in India\u2019s energy sector. These PSUs are valuable assets for the Indian state delivering significant financial benefit to its primary shareholder, the Government of India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/","og_locale":"pt_BR","og_type":"article","og_title":"The Role of Coal in a Sustainable Energy Mix for India - CPI","og_description":"Public Sector Undertakings (PSUs) hold strategically important and dominant positions in India\u2019s energy sector. These PSUs are valuable assets for the Indian state delivering significant financial benefit to its primary shareholder, the Government of India.","og_url":"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/","og_site_name":"CPI","article_publisher":"https:\/\/www.facebook.com\/ClimatePolicyInitiative","article_modified_time":"2026-03-28T13:07:20+00:00","og_image":[{"width":1280,"height":1810,"url":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2023\/09\/Cover.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@climatepolicy","twitter_misc":{"Est. tempo de leitura":"1 minuto"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/","url":"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/","name":"The Role of Coal in a Sustainable Energy Mix for India - CPI","isPartOf":{"@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/#primaryimage"},"image":{"@id":"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/#primaryimage"},"thumbnailUrl":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2023\/09\/Cover.jpg","datePublished":"2023-09-25T10:23:09+00:00","dateModified":"2026-03-28T13:07:20+00:00","description":"Public Sector Undertakings (PSUs) hold strategically important and dominant positions in India\u2019s energy sector. These PSUs are valuable assets for the Indian state delivering significant financial benefit to its primary shareholder, the Government of India.","breadcrumb":{"@id":"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/#breadcrumb"},"inLanguage":"pt-BR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/"]}]},{"@type":"ImageObject","inLanguage":"pt-BR","@id":"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/#primaryimage","url":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2023\/09\/Cover.jpg","contentUrl":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2023\/09\/Cover.jpg","width":1280,"height":1810},{"@type":"BreadcrumbList","@id":"https:\/\/www.climatepolicyinitiative.org\/publication\/the-role-of-coal-in-a-sustainable-energy-mix-for-india\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/"},{"@type":"ListItem","position":2,"name":"Publications","item":"https:\/\/www.climatepolicyinitiative.org\/publication\/"},{"@type":"ListItem","position":3,"name":"The Role of Coal in a Sustainable Energy Mix for India"}]},{"@type":"WebSite","@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#website","url":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/","name":"CPI","description":"Climate Policy Initiative works to improve the most important energy and land use policies around the world, with a particular focus on finance.","publisher":{"@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"pt-BR"},{"@type":"Organization","@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#organization","name":"Climate Policy Initiative","url":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/","logo":{"@type":"ImageObject","inLanguage":"pt-BR","@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#\/schema\/logo\/image\/","url":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2021\/07\/CPI_logo_cmyk_transparent.png","contentUrl":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2021\/07\/CPI_logo_cmyk_transparent.png","width":1728,"height":720,"caption":"Climate Policy Initiative"},"image":{"@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ClimatePolicyInitiative","https:\/\/x.com\/climatepolicy","https:\/\/www.linkedin.com\/company\/climate-policy-initiative\/?lipi=urn:li:page:d_flagship3_search_srp_all;GvyQ8DliSYaW9eZhdq8RBQ==","https:\/\/www.youtube.com\/channel\/UCE8V0iDgBU8mreZdBegVCcA","https:\/\/en.wikipedia.org\/wiki\/Climate_Policy_Initiative"]}]}},"_links":{"self":[{"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/cpi_publications\/58608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/cpi_publications"}],"about":[{"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/types\/cpi_publications"}],"author":[{"embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/users\/225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/media\/58614"}],"wp:attachment":[{"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/media?parent=58608"}],"wp:term":[{"taxonomy":"programs","embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/programs?post=58608"},{"taxonomy":"regions","embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/regions?post=58608"},{"taxonomy":"topics","embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/topics?post=58608"},{"taxonomy":"collaborations","embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/wp-json\/wp\/v2\/collaborations?post=58608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}