UltraTech plans to buy Thermal Coal from Russia

UltraTech plans to buy Thermal Coal from Russia
Published: 23 September 2011

UltraTech Cement Ltd. may reportedly buy a cargo of 75,000t of power-station coal from Russia after it issued a tender for two shipments.

According to reports, the Vedanta Group plans to buy two cargoes of imported thermal coal of Indonesian or South African origin. India may need to import 114mn tons of coal for the year ending March 2012 to plug a supply gap.