Power producers are on the lookout for cheaper coal even as the price of imported coal is almost on a par with that of the domestic variety.
Distress purchase and Colombian shipments are some of the new sourcing strategies. “Indian companies are cost-sensitive and on the lookout for cheaper options, especially when vessel freight rates are favourable,” said Deepak Kannan, managing editor, S&P Global Platts. This focus on cheaper coal has led to two major private power producers, Tata Power and JSW Energy, devising their coal-sourcing strategies. “We try to buy distressed ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Mon, February 17 2020. 01:21 IST
