Coal Im­ports Down 24%, as Buy­ers Await Auc­tion

The Economic Times - - Companies: Pursuit Of Profit -

Coal im­ports in Au­gust de­clined 24% on a yearly ba­sis as In­dian buy­ers pre­ferred not to buy any fresh fos­sil fuel and in­stead wait and watch ahead of an up­com­ing auc­tion for the power sec­tor. The drop in coal im­port comes as the stocks at power plants have thinned due to short sup­ply and higher power gen­er­a­tion.


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