Listing ID #3686254
Company Information
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Contact SupplierWe are actively looking out for acquiring coal mine stakes. This coal will be procured for direct supply to our customers for their imported coal-based projects. The size of the investment for these projects will depend on the size of the coal mines that we secure overseas. The company hopes to acquire overseas coal blocks with a mining capacity of around 2 million tonnes per annum (mtpa) and is exploring for opportunities in South Africa, Indonesia and Australia. The company’s plans are consistent with its strategy of ensuring coal supplies to the customers. Imported coal typically has a higher calorific value, which reduces wastage and also improves the generation efficiency of these power projects. Analysts estimate that 1 tonne of imported coal is equivalent to 1.56 tonnes of domestic coal.