LONDON/NEW DELHI Oct 9 (Reuters) – India’s state utility
NTPC will issue a tender to buy 7 million tonnes of
imported thermal coal in the next 10 days, Indian traders said.
NTPC is expected to buy mostly Indonesian low to
medium-grade coal, a type preferred by power generators in the
subcontinent.
NTPC issued 5 tenders on Tuesday for imported coal, four for
1.25 million tonnes each and one for 800,000 tonnes, with offers
due to be submitted by October 30, according to its website.
“NTPC will be tendering for 7 million tonnes within days but
the usual Indonesian coal,” one trader said.
India’s spot thermal coal buying has been slow to revive
after the annual lull during the monsoon season.
The first big tenders from NTPC and other state entities
have been expected to spur fresh buying by the trading firms who
dominate India’s imports and supply utilities, cement makers and
sponge iron plants.
(Reporting by Jacqueline Cowhig and Malini Menon)
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