Coal India to pay penalty if it fails to supply coal

Coal India Ltd. (CIL) who has recently signed the fuel supply agreements (FSA) with Independent Power Producers (IPP) to supply coal for meeting 80 % of the demand required for thermal power projects of 60,000 MW capacities in aggregate. To give planning to supply this coal, CIL said it is ready to meet 65 % of the power companies’ fuel requirement for the first two years through domestic production. Further, CIL is also thinking of import at ‘cost plus basis’ only if buyers need more

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