The Hindu Business Line : Dubai co to supply 5 lt coal to industry units

Coal and Oil Company LLC, a Dubai-based integrated energy solutions company, is planning to supply 5 lakh tonnes (lt) of coal to various industrial units in Karnataka through the New Mangalore port during the current financial year.

Mr Ahmed A.R. Buhari, President and Chief Executive Officer of Coal and Oil, told presspersons here that the company had supplied nearly 1.6 lt of coal in the last three shipments. He was in Mangalore to witness the maiden voyage of m.v. Coastal Pride - Coal and Oil Company's own vessel - to the New Mangalore Port Trust.

Expand operations

The company supplies coal to some of the major industrial units in cement and sugar sectors in Karnataka through the NMPT. The commencement of operations of the deep-draught multi-purpose berth at the NMPT and commissioning of Hassan-Mangalore railway line for freight traffic has helped the company expand its operations from the Mangalore port.

With these facilities, the company plans to supply nearly 5 lt of coal to industries and power plants in the hinterland during the current fiscal.

"We want to make Mangalore as the Coal and Oil's hub for south-western India," he said.

Earlier, industrial units in Karnataka were importing coal through Goa and Chennai ports. From these destinations, coal was transported by inland distribution network to the respective places.

Though Coal and Oil has been operating in the NMPT since 1997, it brought its own vessel to Mangalore for the first time. The vessel unloaded 65,000 tonnes of Indonesian coal at NMPT.

6 MTPA TARGET

Stating that the coal market in the country is looking robust, he said the company wants to supply coal to the tune of 6 mt per annum for various industrial units in the country. It supplies coal to countries such as Indonesia, China, South Africa, Vietnam and Australia.

The total turnover of the company stood at Rs 16,000 crore in the last fiscal.

The company, in association with Coastal Energy Pvt Ltd in Chennai and Mumbai, delivers 1.5 per cent of the global steam coal to the country. With this, the company has become one of the largest suppliers of steam coal to India, he added.

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