|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
NEW DELHI, Jan 17 (Reuters) - NTPC, India's largest power producer, expects to import up to 20 million tonnes of coal annually in the next three fiscal years, a 25 percent rise from its 2012/13 purchases at the upper range, a senior company official said on Thursday.
"What we see in the next two-three years is that we will be remaining at around 16-20 million tonnes per annum," N.N. Misra, director of operations at NPTC, told Reuters.
The state utility has contracted to import 16.4 million tonnes of coal in 2012/13, a third more than the previous year.
Last year, NTPC had floated import tenders for 9.4 million tonnes and 7 million tonnes of coal to fuel its plants as local supplies trailed demand.
"Deliveries are still going on," Misra said.
In a clear sign of domestic supply lagging galloping demand, the country's thermal and coking coal imports jumped 73.6 percent in November from a year earlier. (Reporting by Malini Menon; editing by Mayank Bhardwaj)