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.
The government is planning to list Coal India's subsidiaries South-eastern Coalfields (SECL) and Mahanadi Coalfields (MCL), reports CNBC-TV18 quoting government sources.
Coal India has introduced a one-time offer that allows power utilities to lift the fuel directly from mines. The scheme is available for independent power producers drawing coal under fuel supply agreements (FSAs) as well.
Competition watchdog CCI has ordered a probe into allegations that coal giant Coal India is imposing unfair conditions for the supply of coal to Maharashtra State Power Generation Company.
State-run aluminium producer NALCO is facing a production loss of about Rs 1 crore per day due to coal shortage, a company official said today.
Coal India is fuming at the Planning Commission's move of curbing down the amount of coal offered for its e-auctioning. In an interview to CNBC-TV18, NC Jha, Chairman of the company said that e-auctions of coal should continue and also has approval of the Supreme Court.