power-sector-news
SAIL in talks with Coal India over coking coal price hike
NEW DELHI. SAIL today said it is in negotiations with the miner on the issue as it is difficult for the company to absorb the increase.
"We are under negotiations with them and working model will come out," Steel Authority of India Ltd (SAIL) Chairman P K Singh told PTI on Coal India Ltd's recent hike in coking coal prices.
We are in dialogue with them (CIL). We have told (them) that at this stage it is difficult for us to absorb (the hike in coking coal price). They have agreed to form a committee," Singh said.
We have an MoU with Coal India. Once we are in that MoU that pact remains applicable for the entire financial year. MoU means we also have an assured offtake from Coal India and We take coking coal from them. We take domestic coking coal supply only from Coal India," Singh said. Energy.economictimes
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