Regulatory delays after auction hit CIL supplies to power companies

Kolkata: Coal IndiaNSE -3.70 % has not commenced supplies from the auction for power companies with electricity sale agreements held last June although the Centre has initiated the process for the next auction.

A Coal India executive said only one of the companies that won the auction had submitted the necessary documents. Industry executives blamed regulatory and procedural delays, which are hurting the alreadystressed power producers.