CIL to import 20 million tonnes of coal next fiscal

Coal India, the world’s biggest producer of coal, may import as much as 20 million tonnes of the fuel next fiscal to comply with orders to increase supplies to power utilities and avoid paying penalties. The company scrapped a proposal to import coal this year as it dipped into high inventory to meet requirement of power plants. But next year, when more power plants are likely to be commissioned, it will revive plan to import coal. “If we produce 492 million tonnes of coal as projected, about 20 million tonnes of import will be required to meet the 80 per cent (of commitment quantities to power producers),” Coal India BSE -0.20 % Chairman and Managing Director S Narsing Rao told PTI in an interview here.

Read More…


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *