Kolkata: Coal India Ltd (CIL) has done away with the financial coverage of ten days of coal value that its non-power sector (NPS) consumers had to pay for coal received through rail. "The latest decision is one more step in CIL's ongoing efforts to streamline operations under the broader ease of doing business initiative. This also helps to reduce financial burden for NPS consumers and improve their cash liquidity," said a CIL executive.
This financial year, CIL has supplied about 560 MT of coal to power sector and nearly 134 MT to NPS consumers. The offtake through rail mode accounted for 55% of CIL's total supplies.