Platts reported that Coal India (BSE:533278) is working on a new coal import strategy so it can meet increasing domestic demand.
As quoted in the market news:
Coal India meets about 80% of the country’s coal requirement, but it has been falling short of targets due to factors such as environmental hurdles, land acquisition issues and other regulatory obstacles. To fill the gap, it has been looking to buy coal assets abroad and secure long-term off-take contracts.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
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