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Sep 19, 2012, 11.33 AM IST | Source: CNBC-TV18

CIL board meet: No decision on price pooling

The Coal India board took up the issue of coal price pooling at a meeting on Tuesday for the implementation of the modified Fuel Supply Agreement (FSA). The board has approved import cost for meeting 80% level of FSAs. However, no agreement has been reached on price pooling of imported coal.

The Coal India board took up the issue of coal price pooling at a meeting on Tuesday for the implementation of the modified Fuel Supply Agreement (FSA). The board has approved import cost for meeting 80% level of FSAs. However, no agreement has been reached on price pooling of imported coal.

Meanwhile, the Central Electricity Authority (CEA) is yet to submit a report on imported coal price pooling.

CIL has approved incentives on a linear basis whereby 10% incentive has been fixed for coal supply between 90-95% and for 95-100% supply, 20% incentive will be given. And if the supply is above 100%, it will attract 40% incentive. 

READ MORE ON  Coal India, FSA, Coal, CEA

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