India: Shree Cement wins bid for 80,000t of coal

Shree Cement has announced that it has won a bid to be supplied with 80,000tpa of coal from state-owned firm South Eastern Coalfields Ltd (SECL), reports the Economic Times.

The deal will see Shree pay INR970/t (US$14.45/t) for the grade 11 coal – in line with the prevailing prices charged by SECL.

Earlier this month, UltraTech agreed a deal to pay over INR1500/t for coal to supply cement plants in Maharashtra. That today’s deal is lower-priced reflects the lower energy density of the coal on offer and the higher costs of operations in western India.