Coal imports in Apr-May dip marginally to 36 mn tonnes

Coal imports in the first two months of the ongoing fiscal registered a marginal decline of 2.6 per cent at 36.49 million tonnes (MT). The drop in coal imports comes at a time when some regions, including the national capital, are facing power shortage due to fast depleting coal stockpiles at power plants. “Overall, coal […]

India’s MRPL buys first Iraqi Basra Heavy crude from Shell

Mangalore Refinery and Petrochemicals Ltd has bought its first cargo of Iraqi Basra Heavy crude from Royal Dutch Shell via a tender, two sources with knowledge of the matter said on Tuesday. MRPL is likely to blend the 1 million barrels Basra Heavy crude, which will be delivered in September, with lighter grades so it […]