Coal India's board may finalize FSAs with power producers

Posted By: Religare
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Coal India's board may finalize FSAs with power producers
The board of India's largest coal miner, Coal India Ltd (CIL), is expected to finalize the Fuel Supply Agreements (FSAs) with power producers next week, as per some media reports.

The move comes on the backdrop of the issuance of presidential directive by the government of India to CIL, whose board has opposed the FSA terms.

Reports said that CIL is expected to sign FSA with as many as 50 power producers, to supply the minimum 80 per cent fuel during the next 20 years.

Though it has not been clear yet as to which firms would actually benefit from the FSAs, but according to some reports, some of the leading power firms like Adani, Sterlite, Lanco and India Bulls which have major capacity addition plans are likely to benefit from the FSAs.

Dion Global Solutions Ltd

Read more about: coal india
Story first published: Monday, April 9, 2012, 9:31 [IST]
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