Coal news and updates

UltraTech floats enquiry for one Panamax cargo

February 10: UltraTech Ltd, India’s leading cement-maker, has floated an enquiry to procure one parcel of 70,000 tons of South African coal, an industry source said.

“The enquiry was floated last week and the company has already received a few offers from traders,” the source said.

“UltraTech will start negotiations in a day or two and then place the order,” the source added.