Fsas

Competition Commission of India (CCI) has found Coal India is operating independently of market forces and enjoys an undisputed dominance the market for production and supply of non-coking coal in the country.

Reserves reported in 2010 meet global standards: Coal India

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.

Govt to clear all stalled infra projects in next 60 days

According to sources, apart from 28 projects, there were other projects as well which have been considered by the CCI today. All of them have been given a go-ahead. The total number of projects that were considered today stood at around 36 which meant an investment of about Rs 1.9 lakh crore.

Coal India modifies FSA to allow 3rd party to test quality

Coal India (CIL) has modified its fuel supply agreement to allow a third party to collect samples and determine the quality of the dry fuel. The modified provision will be effective after third-party sampling starts, CIL said.

CIL to discuss modalities for importing coal on Aug 8

The development follows the Coal Ministry issuing another Presidential directive to state-owned CIL on July 17 to enter into FSAs with power plants for a total capacity of 78,000 MW.

No word on stake sale from govt yet: Coal India

State-run Coal India has not received any communication from the government regarding stake sale in the company said Narsing Rao, chairman and managing director of Coal India.

30 FSAs signed till Sept 2012: Power Minister to Lok Sabha

Amid uproar over foreign direct investment (FDI) in retail, Power Minister Jyotiraditya Madhavrao Scindia told Lok Sabha that there was a generation loss of 11.63 billion units in FY12 on coal shortage.

Power Ministry seeks more changes in model FSA

The Power Ministry has sought a few changes in the model fuel supply agreement that Coal India Ltd has to sign with power firms by the November-end deadline set by the PMO.

Will meet targets, customers to pay import cost: Coal India

Coal India, CMD, S Narsing Rao spoke to CNBC-TV18 after announcement of results and said that he is confident the PSU will meat its production target for the year.

Will pass on cost if we import coal: Coal India

Coal India chairman and managing director Narsing Rao told CNBC-TV18 that around 10 FSAs have been inked at the subsidiary and that the PSU would pass the cost incurred on the customer if there was need to import coal

Coal India seeks more time to decide on FSAs: Sources

Coal India has sought more time for signing fuel supply agreements with power companies, say CNBC-TV18 sources. CIL Board met on April 16 to discuss issues related to FSAs. However, minutes of the meeting are yet to be approved.

To sue Coal India despite lower penalty in pact: TCI Fund

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 directors”

CIL may sign fuel pacts with 50 power firms including NTPC

Coal India is expected to enter into fuel supply agreements (FSAs) with as many as 50 firms, including NTPC, Reliance Power and DVC, for a total capacity of 28,000 MW, sources said.

Coal India to sign FSAs with power cos in 24-48 hrs

Power companies have reasons to cheer as the Government of India has directed Coal India to sign the fuel supply pacts with the power producers at the 80% trigger level, reports CNBC-TV18 quoting sources

FSA welcome but clear hurdles for CIL to perform: Ex-CMD

State-run Coal India (CIL), agreeing to sign the Fuel Supply Agreements (FSA) with private-sector power firms to ensure sufficient supply of dry fuel has not come as a surprise to P.K Sengupta former chairman of the country’s largest coal producer.