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Coal India halts import plans amid increased availability of domestic coal

16 May 2013 Evaluate

State run, Coal India’s import plans have been halted due to increased availability of domestic coal and lack of buying interest. It had prepared a road map to import 18-20 million tonnes of coal in June 2012, to fulfill its supply commitments to power generation sector. The entity was agreement-bound to mitigate a minimum of 80% fuel requirement of nearly 60,000 MW of generation capacities scheduled to be added between April 2009 and March 2015.

Amidst an estimated short-supply of domestic coal, it was decided that 65% of the requirement will be met through CIL’s own production, and the rest 15% will be sourced from overseas markets on cost plus basis. However, the slower growth in demand compared to initial estimates, and 7.4% rise in supplies, CIL was able to fulfill its supply commitments, without resorting to imports, in the last fiscal.

Coal India Share Price

434.75 -4.30 (-0.98%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 434.75
NMDC 84.40
GMDC 610.65
Sandur Manganese 207.10
MOIL 278.05
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