NTPC Coal Imports Said to Double on Shortage: Corporate India
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NTPC Ltd., Asia’s second-biggest power utility by value, will almost double purchases of coal from outside India this fiscal year to curb fuel shortages at its plants, said two company officials familiar with the plans.
The state-run Indian company will import 17 million metric tons of thermal coal in the year started April 1, compared with 9 million tons the previous year, the people said, asking not to be identified as they are not authorized to speak to the media. NTPC’s plants in the states of Uttar Pradesh, Odisha, Chhattisgarh and Andhra Pradesh face a shortage of coal.