NTPC Ltd.

NTPC and Coal India are likely to sign fuel supply agreement (FSA) on July 17, 2013, indicating the end of a year-long difference. Coal India has decided to supply coal with calorific value of 3100 kcal/kg, which will undergo third party sampling  at coal loading point and failing which the miner cannot claim incentive.

However, both the companies are yet to clear up on issues relating to pending payments of about Rs 4,000 crore as of June 30 that Coal India billed NTPC. But NTPC not ready to clear the latter’s bills, as it flagged that it will pay only for the quality of coal that is being received at the power plant.