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Coal India Eases Fuel Supply Policy for Small Consumers

Coal India Eases Fuel Supply  Policy for Small Consumers

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  6 Nov 2018 6:20 AM GMT

Kolkata: Coal India Ltd (CIL) on Monday said it has relaxed norms governing the supply of the dry fuel to small consumers, a move that would increase the availability of coal for customers who need less than one million tonnes a year. The state-run monopoly eased the Mine-Specific Coal Supply policy, lowering the annual requirement of it to 0.25 million tonnes for small consumers. “This change would be a boon to consumers having smaller quantities of coal requirement,” said an official of the company. CIL took the decision considering the market dynamics, the profile of consumers and mines, varying from subsidiary to subsidiary of Coal India. “A need was felt for a flexible mechanism to enable coal companies to explore willing consumers of all sectors with whom mine-specific coal supply arrangement can be made from existing and new mines,” the official added. The Mine-Specific Coal Supply policy was framed in 2011 to allow customers to get assured supply from a preferred source and benefit from the reduction in logistics costs. However, the policy was applicable to consumers having a minimum requirement of one million tonnes per annum. Further, the mine from which the coal was to be sourced should have an annual production capacity of 2.5 million tonnes. (IANS)

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