Coal India Ltd. ( (IN:COALINDIA) ) has issued an announcement.
Coal India Limited (CIL) has announced a waiver of the financial coverage requirement for its non-power sector consumers, who previously had to pay for ten days’ worth of coal value when receiving coal via rail. This move is part of CIL’s efforts to streamline operations and ease business transactions, ultimately reducing the financial burden on consumers and improving their cash liquidity. By freeing up capital, consumers can better manage their operational needs and reduce working capital pressure. This initiative aligns with CIL’s broader vision to modernize coal supply processes and support the government’s push for more transparent and cost-effective business operations across India.
More about Coal India Ltd.
Coal India Limited (CIL) is a Maharatna company operating in the coal mining industry. It is primarily engaged in the production and supply of coal, serving both power and non-power sectors across India. The company plays a significant role in the country’s energy sector, supplying substantial volumes of coal to meet industrial demands.
YTD Price Performance: -3.09%
Average Trading Volume: 314,077
Current Market Cap: 2274.7B INR
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