PTI reported that Coal India Limited's board may finalize on July 31 a massive INR 1,700 crore contract for procuring explosives for mining needs of its subsidiaries apart from resolving fuel supply pact row with power firms.

A top Coal India official told PTI “List of successful bidders for explosive supplies worth INR 1,700 crore for the next three years for its subsidiaries will be placed before the CIL board for a final nod.”

The official said “Apart from delays in receiving communication about decisions on fuel supply agreements from the Prime Minister's Office, delays in finalising the successful bidders for explosive supplies was also one of the major reasons behind postponements of the board meeting.”

CIL board meeting is scheduled for July 31 after coal giant postponed meetings a couple of times including on July 5 and July 10.

Source - PTI

(www.coalguru.com)