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‘Coal linkages to 16,000-mw power projects not possible’

‘The coal ministry is of a view that due to coal shortages it would not to provide linkages to those power plants—having aggregate capacity of 16,000 mw—which are at the advanced stages of commissioning,’ a source close to the development said.

Following a direction from the Cabinet Committee on Economic Affairs (CCEA), the Union Ministry of Coal had set up an Inter-Ministerial Committee (IMC) to look into coal linkages for 16,000 mw power plants. The IMC, chaired by coal secretary S K Srivastava, has members from ministries including power, steel, railways and law.

A total of 143 fuel supply pacts are to be signed by Coal India Limited (CIL) till 2014-15 in respect of identified power projects of 60,000 mw capacity, which have been assured for coal supply during 12th five year plan period (2012-17), according to an official document.

Of these, 92 FSAs were to be signed by March-end. So far, 56 power companies have entered into fuel supply agreement (FSA) with CIL, which accounts for over 80 per cent of the domestic coal production. The 16,000 mw capacity power plants are in addition to the 60,000 mw identified power projects.

The Coal India Ltd board has approved the modified FSA with 65 per cent domestic coal and 15 per cent imported coal.


106-YEAR-OLD TATA STEEL RECORDS ITS BEST EVER ANNUAL OUTPUT & SALES


Tata Steel said on Wednesday that it has achieved best ever annual output and sales during fiscal 2012-13 on the back of record hot metal and crude production at 8.85 million tonnes (mt) and 8.13 mt, respectively.

While production of hot metal and crude grew by an impressive 14 per cent each during the year over a year-ago period, saleable steel saw a 14 per cent growth to 7.94 mt in the last financial year.

Sales too registered an impressive 13 per cent increase to 7.48 mt in the last fiscal, buoyed mainly by over 20 per cent rise in sales to automotive sector.

'Tata Steel completed FY13 with an overall increase in production and sales volumes. The year registered its best ever performance in hot metal, crude steel production and total sales,' the domestic steel giant said in a statement.

The company's hot, crude and saleable steel production stood at 7.75 mt. 7.13 mt and 6.97 mt, respectively, in 2011-12. The company which had sold 6.63 mt of total products in 2011-12, undertook sales of record 4.49 mt flat products used in the automotive sector, and highest ever 2.99 mt of long products used in construction, it said in a statement.

The growth in sale of flat products was up 20.2 per cent over 2011-12, but it rose only marginally in the case of long products. It had sold 2.89 mt of long products in FY11.

Tata Steel also said its flat product division 'achieved its highest ever annual high-end product sales at 190 kilotonnes (KT) to auto customers and best ever annual steel roofing sales volume of 261 kt' in the last fiscal.
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