Fuel supply contracts of steel and cement companies with CIL to continue

November 3, 2015

 The fuel supply contracts of steel and cement companies with Coal India Ltd (CIL) will not be discontinued for auction. This comes as a big relief to the companies as the government had earlier announced that all the coal supply agreements between Coal India and non-power firms will end on June next year.

A senior government official said the fuel supply agreements of companies in non-power sectors like steel and cement are not proposed to be ended prematurely. The government will wait for the contracts to end and then auction them. This is a change from the government’s earlier stance to discontinue the agreements and auction them afresh next year. 

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