Friday 8 June 2012

Coal India Limited estimated at 1200cr: CBI in 2012

"Coal India Ltd (CIL) has identified 56 spill over projects of 11th Plan and 69 new projects for increasing the coal production during the 12th Plan period (2012-17)," an official statement said on Wednesday.

A Presidential directive was issued to Coal India to enter into FSAs with power plants commissioned between April 2009 and December 2011.

Till last week, the PSU had entered into FSA with 14 firms, including Reliance Power's Rosa Power project, Lanco Anpara Power and Bajaj Hindustan.

In April, the Coal Ministry had issued a directive to CIL to commit a minimum of 80 per cent of fuel supply to power producers, failing which it would attract penalty.

For more information...visit
http://timesofindia.indiatimes.com/business/india-business/Coal-India-Limited-targets-615-MT-production-by-2016-17/articleshow/13889230.cms

http://timesofindia.indiatimes.com/city/ranchi/Coal-linkage-scam-estimated-at-1200cr-CBI/articleshow/13911813.cms

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