India eyes Russian coal offered at steep discounted price amid domestic shortage

India is looking to procure Russian origin coal, leveraging the steep discounts offered by the latter compared to the Australian and the South African origin material amid a decline in stockpiles at domestic power plants, market sources told S&P Global Commodity Insights April 18. Sources said that India bought 5,500 kcal/kg NAR coal from Russia at $160-$165/mt CFR India for…