| Date: |
22-07-2010 |
| Subject: |
Coal India to plan first terminal for imports |
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Coal India Ltd. plans to invest in its first port terminal to handle imports to help meet increasing demand for the fuel, according to a company official said.
The company intends to build a terminal in a venture with Visakhapatnam Port Trust in southeast India by 2013 with a capacity to import as much as 6 million metric tons annually. Coal India also intends to form a joint venture with NTPC Ltd., Asia’s second-largest power utility by value, to buy the fuel from overseas, the official said.
Source : logisticsweek.com
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