India’s NTPC Temporarily Halts Coal Imports
- Published: Monday, 04 July 2016 12:16
India’s largest government owned and operated power producer, NTPC Ltd., has decided to stop imports of coal during the current fiscal, in view of higher domestic availability and its own production from captive mines. Coal India Ltd. (CIL), with rising production and mounting stocks, has assured the thermal power producer of meeting entire contracted volumes of coal prompting NTPC Ltd. to scrap plans for importing the dry fuel. According to an NTPC official, only marginal volumes already contracted for imports during the previous fiscal would be shipped in but no import contracts would be signed this year.