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Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, there were no takers for the imported coal. Now NTPC has asked us to import 4 million tonnes of coal for their utilities," Coal India Chairman P S Bhattacharyya told reporters here.
However, the coal major said, it is yet to receive a formal letter from NTPC in this regard. "The company is expected to write to us regarding the same soon," he said.
CIL had set a target to import 4 million tonnes of coal for the current fiscal. However, earlier this week, it had set that it may not be shipping any coal in the country as its domestic output would be enough to meet the local demand.
NTPC requires 150 million tonnes of coal during the current financial year to fire its power plants and it plans to import 12.5 million tonnes of the dry fuel from overseas.
Further, Bhattacharyya said a policy of washing coal should be approved to reduce the ash content of the dry fuel and reduce the price gap in comparison to international coal.
"Policy of washing coal should be approved. If more coal is washed here, there would be lesser gap between domestic and international coal prices," he said.
CIL's coal prices are in the range of Rs 448-Rs 2,500 per tonne, up to 50 per cent less than international rates, he said.
Source: Newsx
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Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
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