Millennium Post

No negotiation on supply of imported coal, says CIL

State-owned Coal India on Friday said that there would be no negotiations with regard to supply of 15 per cent of imported coal on cost-plus basis as part of fuel supply agreement [FSA]. Responding to queries whether there will be no negotiations on imported coal price, chairman and managing director [CMD] S Narsing Rao said: ‘Absolutely... it is a deemed delivery, then my commitment remains up to 65 per cent.’ He was talking to reporters after coming out of a meeting chaired by Coal secretary S K Srivastava. On 18 September, the CIL board had approved the modified FSA without price-pooling with 65 per cent domestic coal and 15 per cent imported coal at cost plus basis. The meeting on fuel supply agreement also had officials from power ministry like Joint Secretary [Thermal] I C P Kesari among others.
Agencies

Agencies

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