Coal shipments to India rose 10% y/y
NewsBetween January and August, India’s coal shipments rose 10% y/y, driven by strong electricity demand, but hydropower recovery may reduce future coal demand.
POSCO angles for dedicated port
StandardIn a move that is certain to annoy the Indian government, Pohang Steel Company (POSCO) of South Korea, which is building a steel plant in the eastern Indian state of Orissa at a cost of US$12B, has formally submitted a plan to develop its own captive port for the facility.
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