Buy as much: Coal India removes all restrictions on coal purchase

Quick Summary:

The fillip for CIL is that it would boost its supplies at a time when coal demand is showing signs of slackening,” the company said.

CIL’s pitheads currently have a coal stock of 72 million tonnes (MTs), which is 47 per cent more compared to 49 MTs as of August 12, 2023.

Coal would be supplied at the same price as signed in the respective FSA by the power plant, said a CIL executive.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Coal India Coal industry Coal mines Mines

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 18:00:00 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 22065026

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