Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
440.40
-15.50 (-3.40%)
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Coal India plans to enter into joint venture with Paradip Port

Date: 14-06-2017

Coal India (CIL) is planning to enter into joint venture with government-controlled Paradip Port to sell blended coal as per consumer’s requirement for better value realisation. The company offers source-specific linkages for raw coal to power generation utilities. The company has subsidiary-based notified prices for different types of coal determined by gross calorific value (GCV).

The model suffers from a range of inadequacies. First, bulk of the thermal coal produced in the country has low calorific value and high ash content. For emission control and better techno-economics, gencos blends this with high value coal.

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.