Kolkata: Coal India (CIL) has liquidated over 82% of its arrears rakes to non-power sector consumers during the ongoing fiscal. These backlog rakes pertain to 2017-18 and 2018-19.
According to officials, muted demand for the dry fuel from the thermal power stations and comfortable stock position at their end provided a window for the Maharatna coal mining behemoth to bring down the accumulated arrear rakes of the non-power sector consumers.
The backlog arrears for this sector which stood close to 5,140 rakes at the beginning of 2019-20 were cleared by 4230 rakes. “By the end of FY 20, we will be able to clear the rest 900-odd arrear rakes,” stated an official of the company. CIL’s supplies to non-power sector registered a growth of 4.4% at 95.45 million tonnes (MTs) during April-January 2020 compared to 91.47 MTs same period year ago.
