Coal India on Friday has signed the much-awaited fuel supply agreement with NTPC for the supply of coal to the thermal power generating company, having both penalty and bonus clauses.

Mr Partha S Bhattacharyya, Chairman, CIL, stated:

Coal India signed the model FSA with NTPC, which represents all PSU power utilities. The tenure of the FSA with power utilities will be for 20 years or till the end of the life of the power station, whichever is earlier.

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