CIL to modify coal supply pacts with power companies

Last Updated: Friday, August 3, 2012, 10:49

Coal India will modify the fuel supply pacts before signing them with power companies to incorporate the changes that have been proposed by its board at this week's meeting, thereby breaking the deadlock over the issue of minimum assured supply of fuel to them.

Power stocks gain up to 3.4%

Last Updated: Monday, July 30, 2012, 21:05

Shares of power companies on Monday rose by as much as 3.4 percent in tandem with an overall rally in the stock market, despite severe power crisis in entire north India due to collapse of the Northern Grid early morning.

Cabinet may soon take up Rs 2 lakh cr debt rejig of discoms

Last Updated: Wednesday, July 4, 2012, 21:42

The Cabinet is likely to soon take up the proposal of restructuring about Rs 2 lakh crore debt of power distribution companies, whose precarious financials have raised concerns of default in the banking system.

CIL awaits consensus on fuel supply pacts with power cos

Last Updated: Wednesday, July 4, 2012, 20:51

State-run Coal India Wednesday said it is awaiting consensus on the Fuel Supply Agreements with power companies.

Can assure only 66% supply to power cos: CIL tells Coal Min

Last Updated: Thursday, June 21, 2012, 16:52

Coal India has informed the government that it would be able to assure a minimum supply of only 66 per cent of the total fuel contracted to power plants, a move that would add to the woes of the sector this fiscal.

PMO mulling bailout package for power distribution companies

Last Updated: Saturday, June 9, 2012, 09:01

Prime Minister’s Office (PMO) has instructed the power ministry to come up with a comprehensive bailout package, the report added.

OPG Power to invest Rs 3,000 cr by 2014

Last Updated: Sunday, June 3, 2012, 12:34

London-based power company OPG Power has earmarked an investment of Rs 3,000 crore to increase over 6-fold its generation capacity by 2014.

'Power cos be allowed to retain excess coal in allotted mines'

Last Updated: Thursday, May 3, 2012, 21:33

Excess coal from blocks allotted to power companies should stay with them rather than being given to Coal India (CIL), a power ministry official has said.

Coal supply to be suspended if power companies violate FSA

Last Updated: Tuesday, April 24, 2012, 15:36

Power firms entering into a pact with state-owned CIL for a minimum assured quantity of coal will face suspension of supply if found diverting the dry fuel for any purpose other than for the specified end-use plant.

CIL may import 10 MT coal in FY' 13 to meet power firms needs

Last Updated: Sunday, April 8, 2012, 14:18

Coal India may import 10 million tonnes of coal this fiscal to meet the obligation of supplying a minimum assured quantity of fuel to power companies under the Presidential directive, its CMD-designate S Narsing Rao said on Sunday.

CIL board will finalise FSAs next week

Last Updated: Sunday, April 8, 2012, 13:08

Coal India will finalise the Fuel Supply Agreements (FSAs) with power producers after a board meeting next week.

CIL may import coal to ensure adequate fuel to power cos

Last Updated: Friday, April 6, 2012, 16:44

In a bid to meet the obligations of supplying a minimum assured quantity of coal to power producers under the Presidential directive, Coal India may resort to imports, its Chairman and Managing Director designate S Narsing Rao on Friday said.