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Coal India raises doubts about its future

Workers wary as state monopoly paints bleak future for fossil fuels

A truck transports coal at a Coal India mine in the Dhanbad district of Jharkhand. (

NEW DELHI/BANGALORE, India -- Even as it chases a production target of a billion tons a year by 2020, India's state-run coal monopoly is privately raising doubts about its prospects in the next decade.

In an unpublished report viewed by the Nikkei Asian Review, Coal India, the world's largest coal producer, says the industry faces a major domestic challenge as renewable energy makes inroads into coal's dominance in electricity generation.

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