Coal crisis: Primarily dependent on Coal India; have stock for a month, says Star Cement

Star Cement is sitting on a coal inventory that will last for one month, Sanjay Gupta, CEO, told CNBC-TV18.

According to sources, Coal India is looking to go slow on giving out coal to the non-power consumers to meet the shortfall.

“We are, primarily, dependent on Coal India. We are buying most of our requirements from e-auctions. We have some stock with us, which will last for about a month or so. We have already purchased a lot of coal in advance because during monsoons we do buy some coal to care for the monsoon period. We have already purchased coal of 2 lakh tonne; pending deliveries from Coal India, but if Coal India stops e-auctions for the non-power producers then that will be a big blow to the industry,” Gupta said.