NTPC and Coal India are trying to resolve the Rs 2,500 crore payment impasse over fuel supply. It is expected that some amount of outstanding dues may have to be carried forward in the fiscal year beginning April. By end-February, NTPC owed Rs 2,500 crore with CIL, according to sources.
Tag: Coal India
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Fuel supply dues of NTPC
NTPC and Coal India are trying to resolve the Rs 2,500 crore payment impasse over fuel supply. It is expected that some amount of outstanding dues may have to be carried forward in the fiscal year beginning April. By end-February, NTPC owed Rs 2,500 crore with CIL, according to sources.
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NTPC to import 15 mt of coal in FY15
NTPC has set a target of importing as much as 15 million tonne of coal in the next financial year (2014-15). The target may be lowered if Coal India increases its production. NTPC currently has an installed capacity of 42,964 MW, of which more than 37,000 MW is coal based.
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Govt sets up coal regulator
The Union Government has set up a regulatory authority for the coal sector through an executive order recently. The coal regulator will advice the government on principles and methodologies for price determination while state-owned Coal India (CIL) will continue to fix prices, subject to coal ministry's approval.
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CIL to firm up power biz
Coal India (CIL) has set a deadline of December 2014 to firm up its power business. The company is planning to invest Rs 10,000 crore for a 1,600 MW plant at Sundargarh in Odisha.
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CIL production misses target
Coal India (CIL) produced 42.56 million tonne (mt) of coal in February, missing its target of 45.41 mt. The company's offtake during the month was at 40.48 mt, while CIL target for February was 43.02 mt, the company said. CIL's production in the first 11 months of the current fiscal was 409.13 mt, while the company's target during the period was 429.29 mt, it said.
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CIL production misses target
Coal India (CIL) produced 42.56 million tonne (mt) of coal in February, missing its target of 45.41 mt. The company's offtake during the month was at 40.48 mt, while CIL target for February was 43.02 mt, the company said. CIL's production in the first 11 months of the current fiscal was 409.13 mt, while the company's target during the period was 429.29 mt, it said.
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Galvanising growth
Dinesh Chandra Garg, well known for administrative acumen and astute leadership in mining industry in India, holds the post of Chairman-cum-Managing Director of Western Coalfields (WCL) since 1 May 2007.
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CIL tender for PPP by March
Coal India (CIL) is set to come out with a tender for public-private partnership (PPP) in March. Through the mining, development and operator model, the CIL engages private entities on a contract basis, though on a small scale. In the new agreement, the blocks will be outsourced for 15 years.
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CIL achieves 3.2 per cent growth
Coal India (CIL) has produced 366.6 million tonne of coal in the first 10 months of 2013-14, fulfilling 75 per cent of its annual target, while clocking a 3.2 per cent growth rate. During these 10 months, while Eastern Coalfields, considered a laggard, clocked a 10.4 per cent growth rate, Western Coalfields went negative, mining an output which was 7.7 cent lower than the same period in 2012-13.