Coal news and updates

RIL stops quarterly supply contracts for pet coke

November 12: Reliance Industries Ltd (RIL) has stopped entering into quarterly contracts with cement-makers for the supply of petroleum coke since the last few quarters but is continuing with the monthly contracts, industry sources said.

Earlier, the company used to sign quarterly contracts with a few leading cement-makers like Shree Cement and UltraTech.

A stable trend in the international pet coke market and not much increase in demand are believed to be the reason for avoiding quarterly contracts, they said.