GMR group is to import a total of 100,000 tons of thermal coal to be delivered in early 2013, said a senior company executive on Monday.
GMR is looking for two shipments either from Indonesia, South Africa, Australia or United States equally for delivery in January and February, either on free on board (FOB) or cost insurance and freight (CIF) basis, Vikash Jhunjhunwala, Group's general manager for imports, said.
Company is seeking a minimum of 4,800 kcal/kg GAR (gross as received) coal, with one shipment to be delivered in Paradip and another one in Kakinada. “If the price remains the way it is, we may come out with such offers every two months or every month,” Mr. Jhunjhunwala further added.
The group, with interest panning from energy to aviation, is seeking the cargoes for its subsidiaries Kamalanga Energy Ltd and EMCO Energy Ltd.
Sourced
Leave a Reply