1. After detailed discussions, Board has in principle approved the agreement for coal handling contract and authorised Sanjeev Sharma, Director of the Company to finalize the terms and conditions and execute necessary documents.

2. After due discussions, Board has deferred the appointment of V.B.Subramanyam Reddy as Director.

3. The resignation of Srinivasa Appala from the position of Director has been accepted by the board with immediate effect.