Kolkata: State-run Coal India is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal, an official said on Thursday.
The miner has asked power plants in the coastal areas to submit proposals for a gradual increase of its supplies to these units to reduce foreign exchange outgo, the Coal India official said.
“We are expecting to substitute 80-85 million tonne of imported coal this year and have asked the coastal power plants to submit proposals to us and the Railways for domestic supplies,” Coal India director marketing S N Tiwari said at an event organised by mjunction.
The country had imported 248 million tonne of coal in 2019-20, resulting in an outflow of around Rs 1 lakh crore of foreign exchange, the official said.
The government will consider offering concessions on various counts such as quality and freight to make domestic coal attractive over the imported fuel, Tiwari said. (PTI)
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Ladakh reports 33 new Covid cases
Anti-inflammation drug may effectively treat COVID-19 complications in children: Study
Apple previews new software for iPhone, other gadgets
World No Tobacco Day : Quit smoking to lead a healthy life
Moody’s cuts India growth forecast for 2021 to 9.6 pc
Rupee surges 12 paise to 74.25 against US dollar in early trade
Gold gains Rs 250, silver jumps Rs 258
Ayurveda-inspired traditional Indian beauty, wellness brand enters US market on IYD
Rupee falls 34 paise to 74.20 against US dollar in early trade
Download 10Cric Casino app, and enjoy Indias most popular casino games, directly on your mobile!
Gamble with real money online! Play Indias favourite casino games at 7Jackpots.com, Indias most trusted online casino site.
© 2020 State Times Daily Newspaper | Powered by Ideogram Technology Solutions [P] Ltd.