Coal India exploring avenues for import substitution of coal
KOLKATA: Coal IndiaNSE 0.07 % Ltd (CILNSE 4.59 %) has requested government’s consideration for lowering railway freights for transporting domestic coal for import substitution, it said in a statement on Wednesday.
It is one of the many efforts of the coal behemoth to boost sales amid mounting concern over fall in coal sales, due to Covid-19 led demand slump.
CIL is primarily tapping domestic coal-based power plants and non-power sector consumers who are importing coal. They imported around 150 million tonnes in 2019-20. CIL is planning to substitute their supplies with domestic coal which would help the coal major step up sales.
