Pact with NTPC for coal supply depends on availability: CIL

As its decision to offer coal to NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of... comes under high court’s radar, state-owned CILtoday said the proposed pact with the power producer is a long-term arrangement and will depend upon the availability of coal.

It may be noted that the Delhi High Court on May 25 asked CIL how it was offering coal from two Chhattisgarh mines to NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of... when it had cited production issues to cancel an e-auction of 49,000 metric tonnes (MT) of the mineral, mined from the same Gare Palma IV/2&3 blocks.

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In the coal auction earlier this year, Jindal Steel & Power (JPL) had emerged as the highest bidder for Gare Palma IV/2&3 blocks. However, the mines were not allotted to the company.

The proposed MoU between South Eastern Coalfields (SECL), a CIL arm, and NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of... is yet to be finalised for Barh-II power plant from Gare Palma mines, CIL said in a BSE filing.

Coal India (CIL) further clarified that delivery order for e-auction from Gare Palma IV/2&3 mine was cancelled as the “consent to operate” for the mines was awaited from Chhattisgarh Environment Conservation Board.

“The proposed MoUA memorandum of understanding (MoU) is an agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement... with NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of... is a long-term arrangement for the evacuation of coal from the said mines and supply of coal under MOUA memorandum of understanding (MoU) is an agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement... shall be on best effort basis and would depend on availability of coal/grade(s) from Gare Palma IV 2/3,” CIL said.

“SECL may conduct e-auction in future from Gare Palma coal block(s) depending upon the availability of coal and keeping other aspects like valid consent to operate etc. into consideration.”

NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of... said that “there is no firm offer from CIL to supply coal from Gare-Palma coal block to NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of....”

http://www.dnaindia.com/money/report-pact-with-ntpc-for-coal-supply-depends-on-availability-cil-2090398

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