SME News » Business News » General News
No negotiations to supply 15% imported coal on cost-plus basis: CIL
SME News, Saturday, Oct 06, 2012 13:48:13 PM IST
Related Topics:
next >>
- Coal
- Coal India
- Fuel Supply Agreement
Related News
NEW DELHI: Government-owned coal producer Coal India Ltd (CIL) said that there would be no negotiations in the supply of 15 per cent of imported coal on cost-plus basis as part of fuel supply agreement (FSA).
On September 18, the CIL board had approved the modified FSA without price-pooling with 65 per cent domestic coal and 15 per cent imported coal at cost plus basis.
The meeting on fuel supply agreement also witnessed the presence of officials from Power Ministry like Joint Secretary (Thermal) ICP Kesari among others.
On the penalty and imported coal issue discussed during the meeting, he said, “That has already been sealed. It is already in draft FSA...now 65 per cent domestic coal and 15 per cent imported coal on cost plus.”
Most Popular
- India to set up lab for testing Chinese telecom equipment
- Sandvik Asia plans to expand in Indian mining, construction equipment ...
- BHEL to set up power equipment fabrication plant in Maharashtra
- NTPC's old-plant plan likely to boost equipment sector
- Govt to focus on creating infrastructure for leather industry
