Saturday, November 12, 2016
Coal India Taking Advantage of 60% Rise in Global Coal Prices
“For companies that have supply contract with CIL, the company is ready to send them both varieties of coal from different subsidiaries of CIL like Eastern Coalfields, South Eastern Coalfields and Western Coalfields, to some extent. For companies that do not have supply contracts from us, we are offering forward and spot e-auctions from subsidiaries that offer high grade coal as well as those offer low grade coal,” he said.
With international prices rising steadily distribution companies, independent power producers with non-escalable fuel cost, merchant power producers and ports relying on imported coal for the bulk of their volumes will face volume and profitability pressures in case they do not cash in on the opportunity offered by CIL.
Read the full report @ Economic Times Energy World