Fuel Supply Agreement

Coal India: Higher volume offtake, marginal recovery in e-auction prices

There would be no price hike for the next 6-7 months in FSA-based supplies for the power sector while non power-based supplies might see some price hikes to recover higher wage bill

Coal India’s stellar Q1FY23: Largely thanks to coal shortage

Higher international coal prices have helped the state-owned entity reap record profits from e-auctions

CIL imports around 5 LT coal so far this fiscal

Coal India (CIL) has not got very encouraging response from the power producers as a result, so far in the current fiscal, the PSU has just imported 5 lakh tonnes of coal

CIL allowed to sell more coal via e-auction

"With the approval of the competent authority, it has been decided to revert to the old system (on e-auction)...," the letter said. Under the old system, Coal India was allowed to sell up to 10 percent of coal through e-auction.

Coal India up 4%, CLSA retains buy on potential price hikes

Shares of Coal India gained nearly 4 percent intraday Tuesday, hoping coal price hikes for non-power consumers.

Growth to pickup in H2FY14; need lower rates: Montek Singh

Lower long-term rates are a key to growth, but the RBI can't cut long-term rates by tinkering with short-term rates, says Montek Singh Ahluwalia, deputy chairman of the Planning Commission.

CIL has signed FSA's with 140 power plants: Coal Secretary

According to Coal India Chairman, S Narsing Rao, some FSA's are yet to be signed because of certain issues concerning those power plants.

Govt issues another Presidential directive to CIL for FSAs

The government issued a presidential directive to Coal India to enter into fuel supply agreements (FSAs) with power plants for a capacity of 78,000 megawatt (MW).

Power cost to rise by 25p/unit on coal pass-through: Altius

Power tariffs are seen rising by 20-25 paise per unit as CCEA has now allowed power companies to pass on higher imported coal cost, the move is also seen as positive REC and PFC, says HD Khunteta, Former Dir-Finance, REC and Chairman, Altius Finserv.

NTPC not to sign FSAs with Coal India over coal quality

India's largest power producer NTPC has refused to sign fuel supply agreements with Coal India Ltd (CIL) as it feels the state-run firm was supplying inferior quality coal.

No sops if CIL supplies low quality coal: NTPC

State-owned Coal India Ltd (CIL) should not be given incentives that it gets for exceeding the minimum assured quantity in case it supplies inferior quality fuel to power plants, a top NTPC official said on Monday

CIL invites bids for 3rd party coal sampling

Coal India Ltd (CIL) has invited bids from firms for collection of dry-fuel from mining heads and preparation of samples with analysis. The development comes in the backdrop of PSUs like NTPC demanding independent sampling of coal.

CIL to import 20 million tonnes of coal next fiscal

Coal India, the world's biggest producer of coal, may import as much as 20 million tonnes of the fuel next fiscal to comply with orders to increase supplies to power utilities and avoid paying penalties.

PwC to help CIL to develop pact for supply of imported coal

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.

CIL to discuss coal supply to power plants via MoU route

Coal India Ltd (CIL) will seek the approval of its board for providing the fuel for another month, under the MoU route, to power plants commissioned in the 2012-13 fiscal.

Single FSA for PSUs and private coal consumers

There would a single "Fuel Supply Agreement" (FSA) draft for both public and private sector power companies seeking coal from Coal India Ltd.

CIL has signed fuel supply pacts with 33 power units: Govt

A total of 33 power units, including Rosa and Mundra Adani, having a capacity of 9,671 MW have entered into modified fuel supply agreement (FSA) with Coal India (CIL), Parliament was informed.

Power cos may buy coal from sources other than CIL: Govt

Power companies may secure coal from alternative sources in the absence of sufficient supply of the fuel from state-run Coal India, Parliament was informed.

New FSA: No major variation for private & PSU cos, says CIL

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.

Companies face issues with Coal India's new FSA

Coal India's new model fuel supply agreement (FSA) for power companies has not really been welcomed with open arms. One could say Coal India's model FSA has private power companies up in arms but it proposes different terms for private and PSU companies.