Written by Bishal Thapa and Ankur Bansal of ICF International's India office and published in Power Line, April 2007. The article outlines the robust coal demand and investment needs in the coal sector considering the current Indian economic growth. The article examines how coal sector fundamentals relate to the broader energy markets dynamics and influence regulatory changes. The authors unveil prices and the current opportunities in "captive coal" that may hold value even if the regulatory regime stretches further than anticipated.