Change in coal policy to help 6 power firms

In an attempt to make power plants using imported coal viable, the government will recast its coal allocation policy to ensure these units get domestic coal too, but only up to 30% of their requirements. An inter-ministerial committee is expected to formalise the decision on February 14. The new policy will benefit six power plants based on imported coal, namely Adani Power, JSW Steel, Coastal Energen, DCW and Ind Barath Power. The total capacity of these power projects is about 4,650 MW and their combined coal requirement is roughly 6 million tonnes.

Source: Financial Express