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Gautam Adani to gain as coal imports set to spike on Supreme Court verdict
2014-09-30 03:40:38| Steel - Topix.net
The near-monopoly in mining, shipping and logistics sees 'great opportunity' as transfer of mines will lead to a lag in coal production As the country faces uncertainty over coal supply in wake of cancellation of coal block allocations by the Supreme Court, Gautam Adani -owned Adani Group is set to cash in on the burgeoning demand for both steam coal and coking coal. For the Ahmedabad-based trading giant, which is already a near-monopoly thanks to its presence in mining, ports, shipping and logistics, what lies ahead is a "great opportunity" despite the higher cost of imported coal.
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Category:Materials