Kolkata, Mar 3 (KNN) In a major step towards simplifying business transactions, Coal India Limited (CIL) has removed the requirement for non-power sector (NPS) consumers to provide financial coverage equivalent to ten days of coal value for supplies received through rail mode.

This move aims to ease financial constraints for industries outside the power sector, enhancing liquidity and reducing operational complexities.

A CIL executive highlighted that the decision aligns with the company’s broader goal of streamlining operations under the “ease of doing business” initiative.

“The waiver will help NPS consumers improve their cash flow and optimize working capital, allowing them to allocate resources more efficiently,” the executive added.

During the current financial year, CIL has supplied approximately 560 million tonnes (MT) of coal to the power sector and around 134 MT to NPS consumers as of February. Notably, 55 per cent of CIL’s total coal supply was transported via rail mode.

This initiative is part of CIL’s broader strategy to modernize and optimize coal distribution, ensuring smoother operations across all sectors.

The decision aligns with the government’s ongoing efforts to make business transactions more transparent, accessible, and cost-effective for industries in India.

By reducing financial requirements, CIL is not only supporting industrial growth but also fostering a more business-friendly environment, strengthening its role as a key driver in India’s energy sector.

(KNN Bureau)