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Coal India to increase tenure of FSA with steel industry to 10 years

Coal India has decided to increase the tenure of fuel supply pacts to be signed with the steel industry to 10 years in a bid to reduce dependence of steel sector on imported coal. The new fuel supply agreement (FSA) tenure would be applicable from the fourth tranche of the auction of coking coal linkages for the steel sector to be held shortly.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

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