 |
|
 |
 |
 Premium News Article
India to Import 100 Million Tons of Coal to Fulfill Domestic Demand over Five-Year Period
BANGALORE, INDIA--November 25, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--India will have to import 100 million tons of coal during the Eleventh Five-Year Plan (2007-12) to fulfill increasing domestic demand. The working group of the Planning Commission has estimated that unless the country imports 100 million tons it will not be able to meet the projected demand of 730 million tons of coal by 2012. The group also indicated that the country's production capacity by 2012 will be around 680 million tons per year. NTPC Limited (BSE:532555) (New Delhi), India's largest power producer, is importing 8.2 million tons per year of coal during the 2008-09 fiscal year, and reports indicate that the imports are likely to rise. ArcelorMittal (NYSE:MT) (Luxembourg) and Ispat Industries Limited (BSE:500305) (Kolkata, West Bengal) have expressed interest in developing abandoned coal mines.
Other companies featured: Steel Authority of India (BSE:500113), Anglo American Plc (LSE:AAL), Rio Tinto Plc (NYSE:RTP)
Read the Complete Article >>>
Details on this Article:
Industry Segment: Metals & Minerals
Word Count: 889 Words
| Login or Register now for instant access! |
 |
Related Articles
 Industrial Info's World Expansion Helps Clients Uncover New Business Opport...
Project Management Excellence Promotes Project Success, by Pathfinder LLC, ...
China's Purchasing Tactics Backfire as India Raises Iron Ore Export Duties
Construction Under Way at $3 Billion Pascua Lama Bi-National Mining Project...
Drought, Power Shortages May Cause Venezuela to Shut Down Metal Production
|
|
|
 |
|
 |
|
|
This article is available for Premium Members only.
Subscribe Now! All Fields are Required...
Upgrade your Premium News Subscription to include all archived articles for only $160. Contact Member Services: 800-762-3361
All Members Receive the Following Free Resources:
North American Project & Gap Spending
North American Plant Analysis by Industry & Market Region
Market Maps & Stats - Capital & Maintenance Activity
Current & Historic Economic Indicators
30/60/90 Day Weather Forecast
|
© 2010 ALL RIGHTS RESERVED. Industrial Info Resources, Inc. - Sugar Land, TX - 800-762-3361