Annual Contracted Quantity (ACQ) definition

Annual Contracted Quantity (ACQ) means 3 Lakh Tons of feed ore (@1.5 lakh tons for each COBP), the target quantity of input feed ore to the plants in a Contractual Year.
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Examples of Annual Contracted Quantity (ACQ) in a sentence

  • Schedule - I - Annual Contracted Quantity (ACQ) Schedule - II - Quality of Coal Schedule - III - Bank Guarantee format for Security Deposit Schedule - IV - Bank Guarantee format for Financial Coverage against Coal Supplies.

  • It may be noted that as per present availability of coal, supply of coal under FSA from domestic sources is not likely to exceed to % of Annual Contracted Quantity (ACQ) which is subject to review every year for any revision that may be necessary.

  • If the Officer/committee determines that the consumer has not lifted or not utilized the coal intentionally, rather than due to circumstantial reason at the colliery or their factory, the Corporation reserves the right to reduce the allocation or adjust the Annual Contracted Quantity (ACQ) for the consumer, this quantity will be calculated as a percentage of total coal lifted in previous quarter compared to the total percentage of coal lifted against the total coal allotted for reported quarter.

  • The Seller shall supply and the Purchaser shall purchase the Annual Contracted Quantity (ACQ) of Coal per annum, as decided by CIL within the recommendation of the State Government.