Coal news and updates

Shree Cement yet to finalise pet coke deal with RIL

November 11: Shree Cement Ltd is still in negotiations with Reliance Industries Ltd and Essar Oil Ltd for purchase of petroleum coke for the period January to March 2014, industry sources said.

“The negotiations are still going on and the cement maker too is not in too much of a hurry as its supplies till December are assured,” the sources said.

The deal is likely to be finalised by end of November as the company will have to arrange for supplies for January-March two months in advance, the sources added.