Coal India Ltd.

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.