Millennium Post

CIL may reduce premium coal price: Narsing Rao

PSU major Coal India Ltd (CIL) may look at revising the price of premium coal in the back drop of international rates showing an easing trend.
'Exploring, based on realities of the market,' CIL chairman S Narsing Rao said when asked about possibilities of revising at least the premium coal price.
The international coal price had been easing and thus there had been poor response for the premium coal of CIL, he said.
CESC had also recently sought EOI for imported coal from interested sellers.
Asked about revising coal price of non-premium grades, Rao said, 'The board is aware of the situation and and decision taken will be communicated.'
Meanwhile, the fuel supply agreement coal (power sector) realisation was higher by Rs 64 a tonne during the quarter. The total quantity of sale to the power sector during the year was higher by 32 million tonne to 345 million tonne.
Rao said the total benefit to the West Bengal government in royalty, cess and VAT on coal amounted to Rs 11,886 crore.
Meanwhile, concerned over reduced coal supplies, a grouping of captive power producers on Monday said that the government should ensure equitable distribution of coal among captive and independent electricity generators.
Captive power generation capacity in the country is estimated to be around 34,000 mw.
The Indian Captive Power Producers Association (ICPPA), whose members have around 20,000 mw of generation capacity, said fuel shortages are adversely impacting production as well as overall business activities.
Members of the grouping include those from fertiliser, cement, chemical, tyre and aluminium industries.
Electricity generated from captive plants are used for specific activities while generally independent power production is supplied outside. ICPPA secretary Rajiv Agrawal said that Coal India needs to supply adequate quantity of fuel for captive plants, which should be at par with that supplied for independent power projects.
Agrawal said the association would be making more representations on fuel issues faced by captive plants to Power and Coal
Ministries. PTI
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