Coal news and updates

NTPC's annual coal imports expected to hit 8-year high despite near-record price

India's top electricity producer NTPC Ltd's coal imports this financial year will be the highest in eight years despite near-record prices, two senior officials at the company said, as it looks to address a domestic shortage.

The state-run utility, which produces over a quarter of India's power output, will import 16 million tonnes for blending with domestic coal during the year ending March 2023, the NTPC officials said.