-8.90 (-2.07%) State-run Coal India (CIL) has entered into fuel supply agreement (FSAs) with 60 power plants so far even as the deadline set by the Prime Minister’s Office for signing of the FSAs expired in January. However, India’s largest power producer NTPC has refused to sign FSA with CIL as it feels the state-run firm is supplying inferior quality coal.
Coal India needs to sign a total of 143 FSAs in respect of identified power projects of 60,000-Mw capacity, which have been assured for coal supply, in the next five years.