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CIL and its arms asked to sign FSAs by Aug 30
August 2013
Unconfirmed media reports suggest that state-run miner Coal India (CIL) and its subsidiaries have been asked by the union coal ministry to sign fuel supply agreements (FSAs) with power producers by August 30. On July 17, the ministry issued a presidential directive to CIL, directing it to sign FSAs for about 78,000 mw. Further, it is learnt that the board of directors of the monopoly coal producer recently cleared the signing of FSAs
CIL and its arms asked to sign FSAs by Aug 30
August 2013
Unconfirmed media reports suggest that state-run miner Coal India (CIL) and its subsidiaries have been asked by the union coal ministry to sign fuel supply agreements (FSAs) with power producers by August 30. On July 17, the ministry issued a presidential directive to CIL, directing it to sign FSAs for about 78,000 mw. Further, it is learnt that the board of directors of the monopoly coal producer recently cleared the signing of FSAs
Court nod to Vedanta for merger of Sesa Goa, Sterlite
July 2013
Vedanta Resources Plc moved a step closer to merging two of its Indian subsidiaries after the Madras High Court in India approved the company's plan to simplify its group structure. The mining conglomerate had said early last year that it planned to overhaul its web of subsidiaries, creating an umbrella unit that will group most of its assets.
Court nod to Vedanta for merger of Sesa Goa, Sterlite
July 2013
Vedanta Resources Plc moved a step closer to merging two of its Indian subsidiaries after the Madras High Court in India approved the company's plan to simplify its group structure. The mining conglomerate had said early last year that it planned to overhaul its web of subsidiaries, creating an umbrella unit that will group most of its assets.
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