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NTPC Ltd And Coal India Ltd To Sign Fuel-supply Agreements-The Economic Times


Tuesday, 25 Jun 2013 04:33pm EDT 

The Economic Times reported that NTPC Ltd has resolved its public spat with Coal India Ltd over quality and payment terms, and agreed to sign fuel-supply agreements with the state monopoly a year after the deal was first offered. NTPC's board has approved the fuel pact, setting the stage for other firms to sign similar agreements. Many producers were waiting for NTPC to resolve the issues with Coal India, because the state utility, being a large customer, has much stronger negotiating power than others. Coal India's board is now scheduled to consider the fuel pact on June 26, 2013, after which the final agreement will be signed, company executives said. 

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