CAG pulls up SAIL for huge coking coal imports - News Summed Up

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CAG pulls up SAIL for huge coking coal imports


SAIL imports coking coal is imported through either global tenders or under long-term agreements. SAIL requires about 15 million tonnes coking coal annually, of which 12-13 million tonnes is imported, CAG noted in its latest report. “The company is heavily dependent on import of coal though it has three captive coking coal mines. Development of captive mines augments indigenous coking coal availability and safeguards against volatility of import prices,” the CAG pointed in the report. SAIL has two fully functional captive mines at Jitpur and Chasnalla to extract coking coal.


Source: Mint August 19, 2018 06:33 UTC



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