The Kolkata, India-based cement maker paid a delivered price of US$105/t for the imported coal used in power plants, the coal newsletter said. The company last month took delivery of a 147,000t cargo at Navlakhi port in western India.
India’s thermal-coal imports rose by about 16 per cent to 44Mt in the year ended March 2010, according to data from the coal ministry. The country faces a shortfall of 52Mt in the year ending March 2011, according to a statement by Coal Minister Sriprakash Jaiswal.
Source: Bloomberg
