PricewaterhouseCoopers will assist Coal India Ltd to develop a pact for supply of imported coal for power firms entering into fuel supply agreement with the state-owned firm, a CIL source said.
The appointment of the consultant comes at time when independent directors on the board of CIL as well as some state governments, including West Bengal, have shown strong opposition to the idea of price pooling of imported and domestic coal.
"PwC has been appointed for providing consultancy services to help the Coal India to develop a pact for supplying coal to power companies under fuel supply agreement (FSA)," the source said.
CIL had earlier said that with the finalisation of the FSA model and side agreement, the company now looks forward to an advisory service to develop a legally-commercially enforceable agreement between all the parties concerned, including the power plants, CIL and the importing agency.
Also read: Have almost sorted out FSA issues with Coal India: NTPC
Coal India stock price
On November 24, 2015, Coal India closed at Rs 332.35, down Rs 0.25, or 0.08 percent. The 52-week high of the share was Rs 447.25 and the 52-week low was Rs 300.75.
The company's trailing 12-month (TTM) EPS was at Rs 19.07 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 17.43. The latest book value of the company is Rs 26.49 per share. At current value, the price-to-book value of the company is 12.55.
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