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Panel meet on coal supply to end-use plants postponed

The new date for the meeting will be intimated in due course, an official communication said.


The meeting of the Inter-Ministerial panel set up to look into the issues pertaining to supply of fuel to certain end-use plants linked to coal blocks scheduled for today has been postponed. The "meeting scheduled to be held on May 12 has been postponed," said an official communication, without giving any reasons for the same.

The new date for the meeting will be intimated in due course, it added. The Inter-Ministerial Committee, under the chairmanship of Additional Secretary (Coal), A K Dubey, was constituted in March last year to consider issues related to fuel supply to end-use plants that are linked to coal blocks which could not be developed or were de-allocated. The panel had recommended that the quantum of fuel to end-use plants, which were initially allocated coal blocks but could not be developed or were de-allocated, may be assured after taking the opinion of Coal India (CIL) and Central Electricity Authority (CEA), according to an official.

CIL had stated that it had already made substantial commitments to the power sector and all its subsidiaries were running a negative balance of fuel supplies. The Department of Industrial Policy and Promotion has also endorsed the views of Steel Ministry. Coal India stock price On May 12, 2014, Coal India closed at Rs 330.80, up Rs 21.75, or 7.04 percent.

The 52-week high of the share was Rs 336.20 and the 52-week low was Rs 238.35. The company's trailing 12-month (TTM) EPS was at Rs 26.41 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 12.53. The latest book value of the company is Rs 32.48 per share. At current value, the price-to-book value of the company is 10.18.

Source: PTI