Adani Enterprises Ltd. has won a contract to supply overseas coal to India’s top electricity generator. The nation aims to avoid a repeat of last year’s energy crisis,according to people
familiar with the matter.
Adani, India’s largest trader of imported thermal coal, will deliver 1 million tons to state-run NTPC NSE -1.17 % Ltd.,which in October issued its first tender for coal imports in more than two years.
The Indian power producers are under pressure to bolster coal stockpiles after supply disruptions and rising demand left the country tussle with shortages in the second half of 2021. Coal accounts for about 70% of India’s electricity generation, and consumption is forecast to rise in the next few years, even as Prime Minister Narendra Modi makes a huge push to add renewables.
Adani in the previous month began shipping the first export cargo from its controversial Carmichael coal mine in Australia. The shipment is coming to India.
