Coal India (CIL) is planning to conclude the Fuel Supply Agreements (FSAs) with power producers. In this regard, the company’s board will meet next week, however, the date of the board meeting has not yet been finalised.
The company’s board is trying to expedite the signing of FSAs following a Presidential directive to Coal India to sign them with power producers assuring them of at least 80% of committed coal delivery. CIL’s top management has approved the draft of the fuel supply agreement and is awaiting legal clearance.
Coal India is the largest coal producing company in the world. The company also produces non-coking coal and coking coal of various grades for diverse applications.
