A recent Morgan Stanley report has downgraded the Indian utilities industry. It highlighted that renewable energy is becoming so cheap that thermal power, mostly coal, is uncompetitive.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/ntpc-key-enabler-indias-electricity-transformation
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/economic-times-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/national-thermal-power-corporation-ntpc
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electricity
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-efficiency
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/solar-energy
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy