CIL to not sign new supply agreements with customers terminating existing ones

Coal India Limited (CIL) has said that it may not sign fresh fuel supply agreements (FSA) with customers which are terminating existing contracts citing reasons which are  not sound.  

According to CIL, customers have paid premiums for securing coal through auctions in the past without complaints. During this Covid-induced slowdown when the demand is low and the floor prices are relatively lower, some customers are moving away citing reasons such as poor quality, grade slippage and transportation costs. that are not sound.

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