After instructions from the PMO last week, coal ministry is gearing up to prepare a cabinet note on pooling of prices. This is to meet the demand of coal supplies to the power companies.
The Coal India board met today in Delhi to discuss issues related to the fuel supply agreements. The board has agreed on the penalty to be levied if there's a shortfall and in principle has agreed to pooling of prices as well, reports CNBC-TV18‘s Anshu Sharma.