India Giant Seeks Coal Imports for First Time in Two Years
- State-run NTPC issues tender for 1 million tons of the fuel
- Sector remains cautious over quick end to India’s power crisis
Photographer: Dhiraj Singh/Bloomberg
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NTPC Ltd., India’s top power producer, is seeking to import coal for the first time in two years, underscoring worries about shortages even as a supply crunch slowly begins to ease.
The New Delhi-based company has issued a tender seeking 1 million tons of overseas coal, bid documents posted on the company’s website show. The fuel will mainly be used at power plants located far from domestic mines, which are most vulnerable to disruptions. A second tender, issued by NPTC on behalf of Damodar Valley Corp., also a state-run power producer, is seeking an additional 1 million tons.