Coal India Plans to Import 15 Million Tonnes of Coal

The Economic Times reported that as part of a fuel supply agreement commitment, Coal India Ltd. (BSE:533278) will likely import 15 million tonnes of coal for power utilities.

As quoted in the market news:

‘We have received interest for 15 million tonnes from IPPs (independent power producers) and state owned entities,’ CIL Director (Marketing) B K Saxena told shareholders at the AGM.

Speaking to reporters here, he said some 55-60 companies that include mostly private power producers, Damodar Valley Corporation and state generation companies have shown interest to import coal on behalf of them.

Click here to read the full report from The Economic Times.