Investors need to watch out for an increase in wage cost, post revision, increase in e-auction prices
An independent third party procured coal sample tested by the Central Institute of Mining and Fuel Research (CIMFR) has clearly indicted that WCL supplied sub-standard coal with ash content ranging between 47 percent to 52 percent, as against the prescribed norms of 34 percent.
Power Ministry may knock on CCI doors if a meeting between Power Minister Jyotiraditya Scindia and Coal Minister Sriprakash Jaiswal tomorrow fails to resolve the lingering dispute between CIL and NTPC over the quality of fuel supplies.
Prime Minister Manmohan Singh today said efforts are on to resolve fuel supply issues faced by the power sector in a time-bound manner and hoped to see results in the next three weeks.
The Power Minister was quoted as saying that Coal India Ltd (CIL) may reduce e-auction supply. There are also problems in the fuel supply agreement (FSA) between National Thermal Power Corporation (NTPC) and CIL.CNBC-TV18‘s Siddharth Zarabi reports.
B Surender Mohan, CMD of Neyveli Lignite says PSU has received a letter from the Department of Disinvestment (DoD) on five percent stake sale in the company.