Coal India:2010-2011 coal imports update

Coal imports by state-run Coal India Ltd is reported to jump to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the current fiscal year.

The press release is quoted as saying:

The country’s demand for coal is rising, particularly from the steel and the power sectors which are expanding capacity, but domestic coal output targets are being scaled down because of delays in several projects.

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