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Govt may take final call on coal price pooling Monday

The government may take a final decision Monday on blending of prices of imported coal and domestically-produced fuel or price pooling of coal.

557 MT of coal production in FY 2013

Government Thursday said the country produced over 557 million tonnes (MT) of coal in the just-concluded fiscal, a growth of 3.2 percent over FY'12.

Power and Coal Min to meet again on coal price pooling issue

Unable to break the logjam, the Power and Coal ministries will again meet in the next couple of days to come up with the "best possible" model for price pooling of imported and domestic coal.

Workers union plans strike against proposed stake sale in CIL

An employee union of CIL Friday said it is planning to go on strike if the government goes ahead with the proposal to sell up to 10 percent stake in the PSU.

Inter-min panel to work out modalities of coal price pooling

The mechanism for pooling the price of coal involves blending the cost of domestic fossil fuel with the imported variety.

Coal India sets 492 MT production target for 2013-14

If the target for 2013-14 is met, CIL's move to burden itself with higher production would set an unprecedented example, particularly when missing targets has often become a norm for PSUs.

Plants commissioned before Mar 2009 not under price pooling

Power plants commissioned up to March 31, 2009, will get coal at Coal India's notified prices, which would address concerns of states over 'price pooling' of the dry fuel, the government said Tuesday.

Coal India independent directors opposed to price pooling

Independent directors on the board of Coal India are strongly opposed to price pooling of domestic and imported coal as they believe the mechanism would have financial implications on the PSU.

'Finer details of price-pooling before Cabinet in a week'

Two days after the Cabinet gave the in-principle approval for price pooling, Coal Minister Sriprakash Jaiswal Thursday said finer details of the mechanism will be put before the Cabinet within a week for final nod.

CCEA gives in-principle nod to coal price pooling proposal

The Cabinet Committee on Economic Affairs Tuesday approved in-principle the averaging of prices of domestic and imported coal to get a uniform feedstock price in the country, but asked coal and power ministries to come back with specifics of the proposal.

CIL, CEA jointly reworking coal price pooling mechanism: Govt

The government Monday said Coal India and Central Electricity Authority (CEA) are reworking the coal price pooling mechanism and will submit the revised scheme to the Power Ministry for consideration.

CIL sends reminder letters to states on price pooling

Racing against the month-end deadline to ink the fuel supply pacts, Coal India (CIL) has shot off reminder letters to the state governments seeking their views on price-pooling mechanism.

'Pvt power producers happy with price-pooling of coal'

A number of private power producers have intimated to Coal India Ltd (CIL) that they are agreeable to the price-pooling mechanism for coal.