Power Today |
Advertise Here [728 W x 90 H pixels]
News Brief | November 2014

Coal block users face Rs 10,000 cr fine

After the cancellation of coal blocks, players of operational units may have to shell out Rs 10,000 crore as fine, says ratings agency Crisil. "Players who have operational coal blocks will witness a sharp decline in profitability post 2014-15, as they would have to substitute captive coal with imported coal which is about four times more expensive," it said in a statement. "For these cancelled blocks, the court granted six months to shut down operations. Moreover, players with operational blocks have been asked to pay a penalty of Rs 295 per tonne of coal mined up to 2014-15, which will translate to Rs 100 billion (Rs 10,000 crore)," it said. Utilities will be hit, and power purchase cost for utilities will rise, particularly in West Bengal and Punjab, where it would increase by Rs 0.5-0.8 per unit given that these plants account for a large share of power purchase.
Post your comment
Verification Code:   Change Image


Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550

Advertise Here [728 W x 90 H pixels]