On price pooling, the company would consult the Central Electricity Authority, as well as power producers.
At the last board meeting, it was agreed the penalty slabs on failure to meet supply commitments would be revised, and the moratorium would be done away with. The board has now approved the cost price model for signing FSAs. This would provide imported coal at actual costs.
After protests over its decision to opt for a mere 0.01 per cent penalty, CIL had agreed to 1.5-40 per cent penalties.
CIL has expressed its willingness to accept and come up with an action plan on the deallocated coal blocks.
"We are anticipating to get these blocks. If CIL gets these, we will come up with an action plan first on how to go about it. CIL is well prepared to produce from these," S Narsing Rao, chairman and managing director, said.
Source- Business standard