Economic Times reported that CIL has asked the state governments to convey their views on price pooling of coal.

A source close to the development said “Almost a week back we wrote to all the states, barring Jammu and Kashmir and Himachal Pradesh, seeking their opinion on whether they agree to the price pooling or not. Central Electricity Authority is also working parallel on price pooling mechanism.”

The development comes close on the heels of CIL board approving the modified fuel supply agreement without price pooling with 65% domestic coal and 15% imported coal at cost plus basis.

So far, only 29 power companies, including Lanco and Adani have signed FSAs with CIL.

Source - Economic Times

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