Coal India Ltd.

Amidst the ongoing tussle between NTPC and Coal India over signing of Fuel Supply Agreements (FSA), the power major will continue to get coal for the current fiscal even if FSAs are not signed. Although memorandum of understanding expired in March 2012, the coal major has been directed by the government to continue its coal supply to NTPC. The pending FSAs, which NTPC is not ready to sign, are mainly for units completed till 2011 existing power stations.

In 2011-12, Coal India had powered NTPC’s plants by supplying 36 million tonne of coal and the fuel supply in the current financial year is estimated at 90 million tonne, based on the Presidential directive to CIL to fuel 80% of requirement.

Presently, NTPC owes nearly Rs 400 crore to CIL and is expected to soon clear these dues.