NTPC ready To Sign Fuel Supply Pact With Coal India (28-Jun-2012)
State-run NTPC is ready to sign the fuel supply agreement with Coal India at a minimum assured supply of 65%, as per the Prime Minister's Office (PMO) directive. PMO, understood to have accepted the demand of Coal India to lower the minimum supply level or trigger level to 65% from 80%.
NTPC asked the coal major to raise the minimum supply level to 72% in four years and reach the 80% mark in five years. PMO also asked Coal India to go for coal imports through the state-owned agencies including STC and MMTC. There will not be any moratorium on payment of penalty. CIL has set a production target of 464 MT for 2012-13.
Top News Today
 Amid uproar over the poor quality of imported coal, the government is planning calling in specialist quality control monitors to prevent poor quality coal imports getting through to its import-reliant...
 Former Citigroup CEO Vikram Pandit is set to make an entry into the country's financial sector by buying, along with partner Hari Aiyar, a three percent stake in JM Financial. The two will...
 The Cabinet Committee on Economic Affairs (CCEA) is likely to consider a proposal to allow ONGC Videsh (OVL) to invest an additional $65.67 million in a gas producing block in Vietnam. OVL,...
|
International Stock News
 The US markets climbed on Friday, advancing to a fourth weekly gain, with both the Dow industrials and the S&P 500 at all-time high close, after data cast a positive spin on the economy....
 Asian stock markets ended mostly higher on Friday, with Japanese market rising as the yen's slight decline triggered some buying at lower levels. Chinese market went home with green mark...
 Asian equity indices are trading in fine fettle in Friday's morning session with major gauges gaining strength after a flat start as investors opted to pile up positions in beaten down but...
|
|
Recent Corporate-World News
|
|