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Coal India issues maiden tender to import coal

The state-run miner, which has little experience in importing coal, was asked to place orders for shipments from overseas by the power ministry last month.

June 09, 2022 / 11:35 IST
Coal India: Stock of this coal mining and refining company has been one of the top three stocks in the portfolio of Aditya Birla SL PSU Equity. There were 30 other equity oriented schemes newly added the stock in the last three months. Stock broker Motilal Oswal gave buy call in the stock.
     
     
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    Coal India, the world's largest coal miner, issued a tender to import 2.42 million tonnes of coal by end-September to boost fuel availability amid fears of a shortage, the company said in a statement.

    The state-run miner, which has little experience in importing coal, was asked to place orders for shipments from overseas by the power ministry last month.

    The company is seeking deliveries at power stations, according to a tender document.

    The company will issue another tender for delivery in the July 2022-June 2023 period on Saturday.

    The states had demanded a total of 2.4 million tonnes, with some states such as Tamil Nadu and Karnataka offering to import coal by themselves.

    Reuters
    first published: Jun 9, 2022 11:13 am

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