Coal India to take advantage of 60 per cent rise in global coal prices

Armed with a product mix of high and low energy coal, Coal India (CIL) is all set to take advantage of a 60 per cent rise in international coal prices this year and has started targeting coastal power companies’ that heavily depend on imported coal. “As international prices stand today, a mix of high and low grade coal is available at a substantial discount than imported prices. It would be economically viable for these coastal firms to buy go for coal supplied by CIL. In most cases the landed price of imported coal is higher than coal supplied by CIL at ports,” a senior CIL official said.