To promote coal-fired power generation, the finance minister may also abolish the 2.5 per cent customs duty on coal imports imposed in the last budget.
For SAIL, sales realisation which stood at Rs 942 crore in December 2014 decreased by 13 per cent against Rs 1,081 crore recorded in the same month in 2013.
SAIL’s board had in December approved setting up of a SPV — Chhattisgarh Mega Steel Limited and the state-run steel maker and NMDC will ink an MoU for executing the project.
Narendra Singh Tomar has told the company that its performance would be judged vis-a-vis its achievements and this target should be incorporated in the MoU.