India Ready for Coal Import Boom, says Adani

28 September 2010 (Last Updated September 28th, 2010 18:30)

India's Adani said the country will have the required infrastructure to handle a surge in coal imports due to rising domestic coal demand from power, steel and cement industries. Import of coal is projected at 135 million tons by 2012 and is expected to rise sharply along with the country

India's Adani said the country will have the required infrastructure to handle a surge in coal imports due to rising domestic coal demand from power, steel and cement industries.

Import of coal is projected at 135 million tons by 2012 and is expected to rise sharply along with the country's booming economy.

Adani chief executive of container and logistics business Sandeep Mehta said the company plans to import more than 40 million tons of coal this year, up from 30 million tons last year.

The government earlier said it will modernise its ports to accommodate larger vessels and make transporting iron ore and coal to roads and railways more efficient.

Coal provides power to more than half of India's electricity plants, reports Reuters.