NTPC is likely to form the coal logistics JV proposed by CIL and Shipping Corporation of India (SCI).
The companies are holding discussion for the proposed JV which will help NTPC to finalise the import contracts with the suppliers. The companies have proposed JV for the import of 25 million tpa of coal. The supply contract for acquisitions will also ensure a steady supply of imported coal for the JV. Meanwhile, CIL has finalised the consultant to conduct the feasibility study, facilitate incorporation of the JV company, prepare the JV agreement, business model and other responsibilities.
Also See:
NTPC's Unit I of Nagpur project faces delay (15-November-11)