04 Apr, EOD - Indian

SENSEX 75364.69 (-1.22)

Nifty 50 22904.45 (-1.49)

Nifty Bank 51502.7 (-0.18)

Nifty IT 33511.4 (-3.58)

Nifty Midcap 100 50645.95 (-2.91)

Nifty Next 50 61468.7 (-2.59)

Nifty Pharma 20560 (-4.03)

Nifty Smallcap 100 15675.95 (-3.56)

04 Apr, EOD - Global

NIKKEI 225 33780.58 (-2.75)

HANG SENG 22849.81 (-1.52)

S&P 5124.75 (-5.88)


Corporate News

You are Here : Home > News > Corporate News >

(03 Mar 2025, 10:26)

Coal India waives off financial coverage for non-power sector consumers


Coal India (CIL) in a latest decision has done away with the financial coverage, of ten days of coal value that its non-power sector (NPS) consumers were required to pay CIL for the coal they receive through rail mode.

With the waiver of financial coverage, CIL takes an important step towards reducing transactional complexities and fostering an environment that encourages smooth and efficient business operations.

“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 reducing financial burden for NRS consumers and improve their cash liquidity” said a CIL executive.

The liquidity availability enables consumers to use the freed-up capital for other operational needs and reduce the working capital pressure.

During the ongoing financial year CIL supplied about 560 million tonnes (MT) of coal to power sector and nearly 134 MTs to NPS consumers till February. The offtake through rail mode accounted for 55% of CIL's total supplies.

This initiative is also part of CIL's broader vision to optimize and modernize coal supply processes for all sectors, aligning with the government's ongoing push to make business operations more transparent, accessible, and cost-effective for industries across India.

 


More News
More Company News View Company Information

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +