Fuel supply pacts for 18 power projects to be signed by next week - Angel Broking

Coal India Ltd (CIL) will sign Fuel Supply Agreements (FSAs) for 18 new projects totaling Rs. 73,772cr (of which disbursal is Rs. 30,313cr) by September 6 which were earlier supposed to be signed by August 31. These projects were stalled due to absence of coal linkages. The major beneficiaries will include Adani Power Maharashtra Ltd, GMR Kamalanga Energy Ltd, Lanco Babandh Power, Talwandi Power, Haldia Energy, Abhijeet MADC Nagpur Energy and Lanco Amarkantak.

Earlier, CIL was directed to sign FSAs for 60,678 MW capacity which was the projected requirement for 131 power plants commissioned or to be commissioned by March, 2015. CIL has so far signed around 100 FSAs. We remain Neutral on the sector.

Source : Equity Bulls

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