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Energy has been universally recognized as one of the most important inputs for economic growth and human development. The development of core infrastructure sectors like power, steel and cement are dependent on coal. With India being one of the world's fastest growing economies, the demand for minerals is likely to grow exponentially. In recent years, India’s energy consumption has been increasing at one of the fastest rates in the world due to population growth and economic development. Resource augmentation and growth in energy supply has not kept pace with increasing demand and, therefore, India continues to face serious energy shortages. This has led to increased reliance on imports to meet the energy demand. India currently faces coal shortage of over 100 million tonnes and this figure is growing rapidly.

Incorporated in 2010, Spero Minerals processes the import of coal to meet the growing demand of India's expanding industrial activity. Spero plays a crucial role in arranging coal supply requirements for a host of industries in India, especially the power industry, through coal procurement partnerships. Spero maintains industry standards for coal trading activity with the goal of achieving a disciplined, liquid and efficient coal trading industry.