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.