Need to consume domestic coal instead of imported fuel to cut forex costs: Coal India tells NRS

Coal India has asked the non-regulated sector (NRS) consumers, who import coal for blending purpose or direct use, to meet their fuel requirement domestically through its e-auction schemes to decrease foreign exchange costs.

The development assumes significance as Coal India (CIL), which accounts for over 80 per cent of the domestic fuel output at present, has sufficient fuel to cater to the demand.