Better quality, supply resulted in gains of over Rs 3,125 cr: Coal India
State-owned CIL on Wednesday said supply of improved quality coal over committed grades and supply beyond annual contracted quantity have resulted in the PSU gaining over Rs 3,125 crore.
“Coal India Ltd’s (CIL) concentrated efforts on supply of improved quality coal over committed grades and supply beyond annual contracted quantity (ACQ) have paid off as the company on whole gained a tidy amount over these twin attributes,” the maharatna firm said in a statement.
An amount of around Rs 1,365 crore provisioned under coal quality variance in the earlier years has been withdrawn, in the last fiscal, which is the net gain to CIL on whole, it said.
