Coal news and updates

Shree finalises Q2 procurement contract with RIL

July 21: Shree Cement Ltd is believed to have finalised a contract with Reliance Industries Limited (RIL) to procure 250,000 tons of petroleum coke between July and September (Q2) of 2014-15, according to information available with ICMW.

“The quantity has been finalised, but the price is open,” a source said.

The cement-maker generally procures around 1.0 million tons of pet coke from RIL in a financial year and the finalisation of the Q2 contract for 0.25 mt was along expected lines, the source added.