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  • 10 Jun 2022
  • ICICI Securities

CIL invites bid for 2.4 MT of coal

News: CIL has called for bids to supply 2.4 million tonnes (MT) of coal to be delivered for July-September 2022. This came in after the Union government directed CIL to meet the shortfall in the domestic coal supply chain. The imported coal would be supplied to state government-owned gencos and independent power producers (IPPs), 1.2 MT each. The IPPs include Sembcorp Energy, JP Power, Avantha Power, Lanco, Rattan India, GMR, CESC, Vedanta Power, Jindal India Thermal, among others

Views: This import will provide some relief to the gencos who lately are struggling to keep minimum inventory level of coal. This will further reduce gap between power demand and supply but prices of electricity are set to increase by | 0.60-0.70 paisa per unit

Impact: Neutral

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