High Coal Prices to Speed India’s Efforts to Curb Imports
- Domestic miners can meet entire power demand: coal secretary
- Government expects sharp rise in Coal India’s production
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High seaborne prices for coal will push India to lift domestic supplies and accelerate efforts to curb imports, according to a top government official.
The country’s miners, including state-run Coal India Ltd., are preparing to meet the entire coal demand from grid-connected power plants in the fiscal year starting in April, federal Coal Secretary Anil Kumar Jain said in a phone interview. The government expects a sharp rise in production from Coal India’s mines as well as from captive producers -- companies that produce coal for their own use.