Ahead of market opening read top business news, equity market precursors, and economic and banking news updates from India and across the world for 1 June, 2022
MELAKA, May 31 Tenaga Nasional Bhd (TNB) has inked a coal import agreement with Indonesia’s coal exporters, involving imports worth US$3 billion (RM13 billion) for three.
The govt may shortly initiate negotiations with Russia, Australia, Indonesia and South Africa to help state-run Coal India import coal at a discounted rate as an emergency measure to avoid a fuel shortage for the country’s strained power plants and create buffer stocks, two govt officials aware of the plan said
The government-owned Coal India, the world's largest coal miner, will import the fuel for use by utilities, a Power Ministry letter seen by Reuters showed on Saturday, as shortages raise concerns about renewed power outages.