Jul 12, 2012, 08.23 AM IST
The Prime Minister's Office has called a meeting next week to resolve the issues related to fuel supply pact, with the Power Ministry not agreeing to the PMO directive that CIL assure power firms of providing 65% of the total coal contracted.
"The Power Ministry is saying that banks are not accepting 65% trigger level for penalty on CIL, as against the earlier directive of 80% supply assurance.
The PMO has called a meeting next week to further deliberate on the issue," sources close to the development told PTI.
The PSU had also been asked to import coal through the state-owned agencies like STC and MMTC. CIL had its way in terms of making much lower commitment for the assured supply of 65% for the first three
Coal India stock price
On December 12, 2013, Coal India closed at Rs 281.55, down Rs 7.2, or 2.49 percent. The 52-week high of the share was Rs 372.10 and the 52-week low was Rs 238.35.
The company's trailing 12-month (TTM) EPS was at Rs 13.90 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 20.26. The latest book value of the company is Rs 32.48 per share. At current value, the price-to-book value of the company is 8.67.
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