India's CIL proposes imported coal trading on planned exchange

Coal India Limited (CIL), India's top state-owned coal producer, has proposed to allow imported coal to be traded in the country's planned coal exchange so as to expand the platform's transaction scope beyond domestic cargoes and further boost coal trading marketization, according to local media reports.

Including imported coal into the new trading mechanism will help enhance the price discovery function for some power generators reliant on overseas fuels and minimize risks of market manipulation, CIL explained. Imported coal roughly meets over 10% of the power-generating demand in India. Some coastal power plants, mostly privately-owned, need