Coal Investing News » SAIL, RINL has negotiated FY10 coking coal at 60% discount

SAIL, RINL has negotiated FY10 coking coal at 60% discount

June 9, 2009 @ 8:41 am In Coal Company News

Reports reveal that state-owned steel giants SAIL and RINL have negotiated the current fiscal's long-term coking coal prices with global suppliers at $115-125 per tonne, which is over 60 per cent lower than what the companies had paid in the last financial year.

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[1] here: http://www.business-standard.com/india/news/sail-rinl-settle-fy%5C10-coking-coal-contract-at-115-125/64108/on