Coal
India Ltd.(533278.BY), the world's largest coal producer, said Tuesday
it may import 20 million metric tons of the dry fuel in the current
fiscal year through March and mix it with its own stocks to bridge a
supply shortage to the country's power sector.
Chairman
Narsing Rao said Coal India has agreed to rework its draft supply
agreement to increase the penalties it pays to power companies for not
fulfilling contract obligations.
The
company will pay 1.5%-40.0% of the value of the shortfall as penalty,
he told reporters. Its current agreements allow for just 0.01%.