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.
Coal India marginally missed its output target for July by two percent to 32.77 million tonne. The state-run PSU, which is the world's largest coal miner, had set a production target of 33.44 MT for the month
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.
Coal India aims to bring down its stock pile to 40 million tonne by FY14 end from current 57 million tonne.
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.
World's largest coal miner today posted a strong set of earnings. Coal India's net profit rose to Rs 4,395 crore, beating street estimates. S Narsing Rao, Chairman of Coal India says the PSU may miss its FY13 production target of 464 million tonnes (MT).
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