Feb 21, 2013, 08.30 PM IST
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 December 09, 2013, at 14:52 hrs Coal India was quoting at Rs 291.70, up Rs 2.10, or 0.73 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 20.99. 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 8.98.
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