CIL board to meet today on FSA? | business | Hindustan Times
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CIL board to meet today on FSA?

business Updated: Apr 15, 2012 20:43 IST

Coal India board is likely to meet on Monday to consider the model agreement with power producers for assured supply of the fuel in the wake of Presidential directive for signing fuel supply pacts.

"The board of directors are likely to meet tomorrow to deliberate on important agendas, mainly fuel supply agreement," sources said.

The government issued a Presidential directive on April 3 to CIL to commit a minimum of 80% of fuel supply to power producers, failing which the PSU would be subject to paying a penalty. The directive was issued, as it did not meet the deadline of March 31, set by the PMO for CIL to enter into agreements with power producers which were facing fuel crunch.