State-run Coal India (CIL) has entered into fuel supply agreements (FSAs) with 56 power plants so far. The deadline set by the Prime Minister’s Office for signing of FSAs between CIL and power producers expired in January. But, CIL had again extended the deadline for supply of coal to power producers under the MoU route till March-end.
Earlier, the deadline was expired on December 31, 2012 and Coal firm extended it by another one month till January 31, 2013 for supply of coal to power firms. The government had already directed coal companies to supply fuel to power plants that have been commissioned till 2012 through the MoU route till FSA issues are resolved. The world’s largest coal miner, achieved a production of 42.62 million tonnes (MT) of coal which is 96% of target achieved compared to allotted target of 44.37 MT. For the first 11 month period of the current financial year, the company achieved coal production of 398 MT as compared to 413.7 MT, 96% of target achieved. -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/globalspeculators?hl=en. For more options, visit https://groups.google.com/groups/opt_out.
