Power producers are on the lookout for cheaper coal even as the price of imported coal is almost on a par with that of the domestic variety.
Distress purchase and Colombian shipments are some of the new sourcing strategies.
“Indian companies are cost-sensitive and on the lookout for cheaper options, especially when vessel freight rates are favourable,” said Deepak Kannan, managing editor, S&P Global Platts.
This focus on cheaper coal has led to two major private power producers, Tata Power and JSW Energy, devising their coal-sourcing strategies.
“We try to buy distressed shipments, for instance, shipments
Distress purchase and Colombian shipments are some of the new sourcing strategies.
“Indian companies are cost-sensitive and on the lookout for cheaper options, especially when vessel freight rates are favourable,” said Deepak Kannan, managing editor, S&P Global Platts.
This focus on cheaper coal has led to two major private power producers, Tata Power and JSW Energy, devising their coal-sourcing strategies.
“We try to buy distressed shipments, for instance, shipments