-15.50 (-3.40%) Coal India, the world’s largest coal miner by output, has reportedly tied-up with Andhra Pradesh Generation Company (APGenco) for substituting imported fuel, used for blending purposes, by high quality Ranigunj coal. The initiative is part of the CIL’s effort to market Ranigunj coal that has few takers.
APGenco procures 5 million tonnes low quality (4100 kilo calorie) fuel from CIL subsidiary, Mahanadi Coalfields in Odisha for its super-critical 2X800 MW power station at Krishnapatnam. The additional fuel requirement is met through imports. As per the new plan, it will procure an additional 1 mt fuel of high energy value (6100 kcal) and low ash Ranigunj coal produced by another CIL arm, Eastern Coalfields, replacing the import demand.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.