"We are going to see some fossil fuel resources. The fossil fuel costs are dropping, industry capitalisation of the fossil fuel organizations have decreased like anything... Today the value are 35 to 40 % reduced," SAILBSE 7.68 % Chair C S Verma, who is also going ICVL, informed correspondents here.
Verma, who is making for the US the next day with Steel Assistant to evaluation the prospective objectives, said that ICVLis looking at one or two fossil fuel resources, particularly in Va.
"We are having both the alternatives start - overall buy and partnership. We will see and at least try to reach a stage where we can take a choice. Only 1 or 2 fossil fuel resources we are looking at, generally in Va," he said.
Verma, however, dropped to name the prospective objectives. ICVL is a project of five state-run organizations -- Coal Indian, Steel Power of Indian (SAIL), Rashtriya Ispat Nigam (RINL), NMDC and NTPC with the mission of obtaining offshore fossil fuel resources.
It has set a focus on of having 500 thousand loads of fossil fuel supplies by 2019-2020, though it has not been able to hit just one cope since beginning. On a number of events, it came near to obtaining resources but retreated after discords crept in and agreement took more time than predicted.
When requested about ICVL's failing in obtaining resources until time frame, Verma said that " I think it was a advantage in cover that we did not buy anything 6 several weeks returning. Nowadays, the value are 35-40 % reduced."
The rejig strategy of the project has also been into concern of the govt as two marketers, Coal Indian and NTPC -- with 28 and 14 % share respectively-- are looking to stop ICVL. However, a formal choice has not yet been taken.
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