Coal India to import more coal

COAL India is failing to meet local thermal coal demand and is seeking expressions of interest from coal producers in Australia, the US, South Africa and Indonesia for long-term offtake agreements.
Coal India to import more coal Coal India to import more coal Coal India to import more coal Coal India to import more coal Coal India to import more coal

Image courtesy of Coal India

Blair Price

The major Indian coal producer issued its call for expressions of interest under the tenders section of its website.

The deadline for responses is August 31.

Coal of India also reportedly filed a draft prospectus with the regulator Securities & Exchange Board of India, according to India’s Financial Chronicle.

The float is reportedly expected to start October 18 but SEBI has not yet released any documentation of the initial public offer.

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