"We will float a fresh tender anytime...There was no response to the the tender floated earlier as the potential people (the PSUs like STC, MMTC) because of some apprehensions expressed by them," Coal India Chairman and Managing Director S Narsing Rao told PTI.
The Standing Linkage Committee (Long-Term) on Coal after noting that all milestones barring forest clearance for 18 acres could not be achieved, allowed the company to sign the FSA saying it will take effect only after submission of remaining stage II clearance by December 31.
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€