Coal India Ltd (CIL) and the Odisha government-owned Odisha Coal and Power Ltd (OCPL) have joined hands for sale of coal produced from OCPL’s captive block at Manoharpur in Jharsuguda as a part of initiatives of the Central government to produce more indigenous coal available to country beyond CIL’s production and cut imports.
While the government has aimed to curb imports of thermal coal, India’s thermal coal imports stood at 183.4 million tonne (MT) in FY19 and were likely to cross 200 MT in 2020, according to estimates made by Icra. The OCPL produced coal instead of going for captive use only will come into the entire system which even, if little, will add to the demand-supply chain.
