Indian power company Coal India plans to invest around INR5bn ($107m) to build a terminal in south-east India in a venture with Visakhapatnam Port Trust, according to a company official.

The port terminal, with an annual capacity of around six million metric tons of coal, is expected to be completed by 2013, reports

Coal India plans to import coal from overseas through a joint venture with Indian power company National Thermal Power Corporation (NTPC), according to Bloomberg.

NTPC plans to import 14 million tons of coal in the year ending March 2011 and Coal India is expected to issue a tender next month for an order from the utility to import four million tons of coal by the end of December.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData