Dec 03, 2013, 05.00 PM IST
Amid continuous delays, the Cabinet Committee on Investment (CCI) had earlier said that timelines for signing of fuel supply pacts for power projects of 78,000 MW capacity should be met.
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Coal India signs fuel supply pacts for 71,500 MW capacity
Amid continuous delays, the Cabinet Committee on Investment (CCI) had earlier said that timelines for signing of fuel supply pacts for power projects of 78,000 MW capacity should be met.
Like this story, share it with millions of investors on M3
Coal India signs fuel supply pacts for 71,500 MW capacity
Amid continuous delays, the Cabinet Committee on Investment (CCI) had earlier said that timelines for signing of fuel supply pacts for power projects of 78,000 MW capacity should be met.
"(Out of the 78,000 MW), 71,500 MW has been signed," Coal India Chairman and Managing Director S Narsing Rao told reporters here.
Also read: Production target of 482 MT in FY'14 looks challenging: CIL
Amid continuous delays, the Cabinet Committee on Investment (CCI) had earlier said that timelines for signing of fuel supply pacts for power projects of 78,000 MW capacity should be met.
Two deadlines set for signing of the fuel supply agreements by Coal India (CIL) with the power producers could not be adhered to.
The Coal Ministry had set the deadline of August 31 for signing of the FSAs, which could not be met. Further, the second deadline of September 6 was also not achieved.
CIL has recently tweaked the provision pertaining to the settlement of disputes in the model fuel supply agreements for the existing and new state-owned power utilities.
According to the new FSA, Coal India will supply 65 percent of the contracted amount from domestic sources and another 15 percent through imports with pass-on pricing model.
Coal India stock price
On December 03, 2013, Coal India closed at Rs 270.75, down Rs 2.8, or 1.02 percent. The 52-week high of the share was Rs 374.05 and the 52-week low was Rs 238.35.
The company's trailing 12-month (TTM) EPS was at Rs 13.90 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 19.48. The latest book value of the company is Rs 32.48 per share. At current value, the price-to-book value of the company is 8.34.
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