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India’s State Trading Seeks 3 Million Tons of Steam Coal Imports

Jan. 24 (Bloomberg) -- State Trading Corp. of India Ltd. is seeking as much as 3 million metric tons of steam coal for five thermal power plants in eastern India, tender documents posted on the company’s website show.

Offers to supply coal with 6,300 kilocalories per kilogram must be submitted by Feb. 18 for deliveries through March 2015, according the tender documents. The state-run trading company is seeking imported coal with 16 percent moisture and 10 percent ash. State-run Damodar Valley Corp. owns five power plants that would use the imported coal.

India, the world’s third-largest user of the fuel, imported 12.76 million tons in November, up 10 percent from the same month last year, according to Interocean Group, the New Delhi-based shipper. Coal India Ltd., the world’s largest producer and biggest supplier of coal to Indian power plants, faces production shortages due to delay in starting new mines.

Coal India expects to miss its 482 million-ton output target for the fiscal year to March 31 by 7 million tons, Chairman S. Narsing Rao said in New Delhi on December 12.

NTPC Ltd., India’s biggest power producer, plans to import 16 million tons of coal in the year through March, almost double from the previous year.

To contact the reporter on this story: Debjit Chakraborty in New Delhi at dchakrabor10@bloomberg.net

To contact the editor responsible for this story: Pratish Narayanan at pnarayanan9@bloomberg.net

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