NTPC Ltd.

Power major, NTPC is in advance talk with Coal India (CIL) and Shipping Corporation of India (SCI) to join the proposed coal logistics joint venture (JV).

Coal India and SCI are banking on NTPC, a major client for imported coal. A firm commitment will help the coal major to finalize import contracts with suppliers. During the current year, NTPC aims to import 16 million tonnes of coal to meet its feedstock requirement. The power generating companies, however, want to restrict coal import to 10% of total consumption to keep power price in check.

Coal India wants to deliver imported coal at the doorsteps of customers through a Special Purpose Vehicle (SPV) in which like-minded companies will also join. In order to do so, it has already signed a MoU with SCI and invited Indian Railways to join the consortium.