Coal India Said to Scrap Plans to Import 250 Million Tons of Coal

Bloomberg reported that Coal India (BSE:533278) is rumored to have dropped a large ten-year coal import deal.

As quoted in the market news:

Customers, including utilities, want coal to be delivered at their plants, while the mining company offered to unload shipments at ports, the people said. Coal India typically sells its domestic output to customers at the mines and doesn’t engage in inland transportation, they said.

Click here to read the full Bloomberg report.