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.
New Delhi: 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
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