Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
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Coal India to import 15 million tonnes of coal for power utilities

Date: 19-09-2013

In a bid to meet the fuel supply agreement obligation, Coal India is planning to import 15 million tonnes of coal for power utilities. In this regard, the company has received interest for 15 million tonnes from IPPs (independent power producers) and state owned entities. Around 60 companies, that include mostly private power producers like Damodar Valley Corporation and state generation companies, have shown interest to import coal on behalf of them.

Thus, the coal miner will float tender to select an agency (like MMTC, STC) who will import the coal on its behalf and the same will be completed within this fiscal.

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.