Corporate News     15-Feb-24
Coal India signs MoU with Haryana Power Purchase Centre
Coal India on Thursday signed a memorandum of understanding (MoU) with Haryana Power Purchase Centre (HPPC) which expressed its interest to purchase 800 MW of power from ‘Mahanadi Basin Power' (MBPL) a wholly owned subsidiary of Mahanadi Coalfields (MCL). The MoU's purpose is to formalise and define the basic framework of discussions for the power purchase agreement.

MCL is the highest coal producing arm of CIL that operates in Odisha. Haryana State is keen to ensure electricity availability to meet its expanding energy demand.

As per the MoU framework, power purchase will be under Section-62 of the Electricity Act, 2003. This refers to determining the power tariff in accordance with the provisions of the act, by the appropriate commission, for supply of electricity by a generating company to a distribution licensee.

Previous News
  Coal India
 ( Results - Analysis 03-May-24   06:35 )
  Coal India
 ( Results - Analysis 13-Nov-23   09:44 )
  Coal India Ltd soars 0.26%, gains for fifth straight session
 ( Hot Pursuit - 04-Apr-24   13:00 )
  Coal India exceeds its target commitment to power sector till 15 Oct FY24
 ( Corporate News - 16-Oct-23   16:36 )
  Coal India consolidated net profit declines 9.76% in the June 2023 quarter
 ( Results - Announcements 09-Aug-23   07:38 )
  Coal India intimates of trade union strike from 12th to 14th October
 ( Corporate News - 27-Sep-23   18:18 )
  Coal India increases production of coking coal
 ( Corporate News - 13-Apr-23   12:44 )
  Coal India appoints director
 ( Corporate News - 01-Mar-23   19:32 )
  Coal India appoints CFO
 ( Corporate News - 13-Feb-24   16:15 )
  Coal India Ltd gains for third consecutive session
 ( Hot Pursuit - 15-Feb-24   13:05 )
  Coal India schedules board meeting
 ( Corporate News - 17-Apr-24   16:04 )
Other Stories
  Board of Bata India recommends Interim Dividend
  06-Aug-24   17:46
  Board of Amba Enterprises recommends Final Dividend
  06-Aug-24   17:43
  Board of Power Finance Corporation recommends interim dividend
  06-Aug-24   17:39
  Board of Anzen India Energy Yield Plus Trust recommends final dividend
  06-Aug-24   17:39
  Board of Man Infraconstruction recommends first interim dividend
  06-Aug-24   17:37
  Sustainable Energy Infra Trust announces board meeting date
  06-Aug-24   17:34
  Micropro Software Solutions to conduct AGM
  06-Aug-24   17:34
  Macpower CNC Machines to announce Quarterly Result
  06-Aug-24   17:31
  SAR Televenture schedules board meeting
  06-Aug-24   17:31
  Accent Microcell schedules AGM
  06-Aug-24   17:28
Back Top