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India Coal Shortage will Continue on Missed Fuel Supply Deadline
Mar. 29, 2012 03:14PM PST
Industrial MetalsBloomberg reported that Coal India (BSE:533278) will not meet the deadline set for it to sign fuel supply agreements.
Bloomberg reported that Coal India (BSE:533278) will not meet the deadline set for it to sign fuel supply agreements.
As quoted in the market news:
The board of the state-owned company hasn’t agreed on a clause in the accord requiring Coal India to supply at least 80 percent of the contracted amount of fuel or pay a penalty, the government official said yesterday.
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