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.
Get The Latest "Coal Price Forecast And
INN is the only resource online to offer an exclusive investor's report on coal investing and the global coal market (value: $49) – For FREE.
Coal Stocks To Buy" Report -
Yes, I want my free report.
Click here to download for free.