SP Tulsian of sptulsian.com says,†I think the government will now be happy to expedite the process of divesting their residual stake in HZL as well as in Balco.â€
Coal India eyes a production target of 482 million tonne for FY14 and the coal off take target of 492 million tonne, which it is confident of achieving by the end of the year, says CMD S Narsing Rao.
According to Ansuman Das, the company will continue to keep its production at the current levels and have no plans for any further production cut. Nalco got its coal supply secured till 2018 by Coal India and is confident of giving aluminium output of around 350,000 tonnes for FY14.
Speaking to CNBC-TV18, Vinayak Chatterjee, chairman, Feedback Infra says most of the CCI announcements were largely focused on the power sector and the government is moving in the right direction.
NTPC will sign the fuel supply agreement with Coal India ending a long drawn battle on Friday after Coal India‘s board clears the agreement says NTPC chairman Arup Roy Chowdhury.
Representatives of power and distribution companies will unanimously decide the quantum of tariff increase from power plants being fed with expensive imported coal.
Salil Garg of India Ratings said, “Only on those power generators or those new Independent Power Producers (IPPs) who are not operating on the cost plus model and those who have either bid on a fixed price basis and they are unable to pass through the increased cost of the imported coal back to the consumers, will be impacted by this decision.â€
Speaking to CNBC-TV18 about its differences with Coal India, NTPC CMD Arup Roy Choudhury said the company is not sure if the coal giant has the ability to meet the power sector's growing demand.
Speaking to CNBC-TV18, Anil Sardana, MD of Tata Power says the government needs to take more steps to bring reforms in the sector.
"There is no option, but to import coal," says Power Minister, Jyotiraditya Scindia who is determined to make coal price pooling, a reality soon.
After the Railway Minister PK Bansal hiked rail freight fares in the Railway Budget 2013-14 today, S Narsing Rao, chairman and managing director, Coal India doesn't see the hike having any direct impact on the company.
S Narsing Rao, CMD of Coal India, is optimistic that issues with NTPC on the quality of coal can be sorted out.
State run NTPC seems to have ironed out issues with Coal India (CIL) over clauses laid out in the new fuel supply agreement (FSA). Despite NTPC stating that it will finally sign agreement with CIL, there is still no clarity on whether changes have been incorporated in the agreement.
Narsing Rao, chairman of Coal India said, in an interview with CNBC-TV18 that meeting the offtake targets for the year would be a bigger challenge than achieving production goals
Coal India's new model Fuel Supply Agreement (FSA) for power companies has not really been welcomed with open hands. CIL chairman S Narsing Rao says there are not any substantial variations between the public sector version and the private sector version, but a couple of clauses relating to, for example, guarantee and security deposit.
Giving his views on the financial restructuring of State Electricity Boards, Vinayak Chatterjee, Chairman of Feedback Infrastructure said that the package is fairly foolproof and this intervention was necessary otherwise nobody was able to see the road forward.
State-run Coal India is expecting to finalise the pending fuel supply agreement (FSA‘s) soon. The company which has singed around 29 FSA with several power companies has yet to sign 40 FSAs, the firm's chairman S Narsingh Rao told CNBC –TV18
Anil Ahuja, head-Asia, 3i Asia, explains to CNBC-TV18 that desire to initiate infrastructure projects is hampered by numerous statutes and laws.
Coal Minister Sriprakash Jaiswal is expecting a breakthrough in fuel supply agreement (FSA) issue and allocation of coal blocks within a month. In an exclusive interview to CNBC-TV18, he said that the crucial meeting with CMO is expected tomorrow on issues related to the Coal India FSAs like the penalty and import.
Country's largest coal producer Coal India has introduced a one-time offer that allows power utilities to lift the fuel directly from mines.
Arup Roy Choudhury, the chairman and managing director of NTPC, believes the penalty on supply defaults will be hiked once Coal India succeeds in ramping up its production capacity.
Chris Hohn, chief investment officer, The Children's Investment Fund told CNBC-TV18 that the CIL board‘s decision to sign the FSAs on zero penalty a “victory for the shareholders and the independent directorsâ€
In an interview to CNBC-TV18, Oscar Veldhuijzen, Partner, The Children's Investment Fund says that TCI plans to launch legal action against Coal India and have instructed its lawyers luthra & Luthra to begin legal process against CIL.
Coal minister Sriprakash Jaiswal spoke to CNBC-TV18's Anshu Sharma about the impact and various aspects of the Presidential directive ordering Coal India to sign FSAs with power companies.
Zohra Chatterji, chairperson and managing director of Coal India, tells CNBC-TV18 that the removal of the import duty on coal has helped alleviate pressure on the company to meet domestic demand.