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Government Orders Coal India to Establish Supply Agreements
Apr. 03, 2012 02:47PM PST
Industrial MetalsBloomberg reported that Coal India (BSE:533278) has been ordered to ensure coal supply to power utilities.
Bloomberg reported that Coal India (BSE:533278) has been ordered to ensure coal supply to power utilities.
As quoted in the market news:
A presidential directive has been issued to the state-owned company to sign the accords, coal ministry spokesman N.C. Joshi said by telephone yesterday. Coal India missed a deadline for some agreements after its board disagreed on a penalty clause linked to a minimum supply level of 80 percent.
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