Essar Power Gujarat Limited will invest about Rs.3,000 crore in next year to import coal for its power plant located at Salaya, Gujarat. The company expects the sea water intake system and coal conveyor corridor to further enhance margins after commissioning. ´We have already sourced Rs.1,500 crore worth of coal using the platform and will invest another Rs.3,000 crore in buying coal the next year,´ Ramesh Kumar, managing director, EPGL, said.
The company has started an e-auction platform five months back and has 30 registered miners and traders participating from Indonesia, Australia, South Africa and Colombia.
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