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Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC


Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 million tonnes, an official said on Wednesday.

"This year, imports are low because of recession and a fall in demand," the official, who did not wish to be identified, told reporters.

"Coal imports may be higher next fiscal year, it may bounce back to 13 million tonnes as we are witnessing recovery in demand."

Source: Reuters



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