Coal India clears backlog by liquidating 2,300 arrear rakes to non-power segment

Coal India Ltd (CIL) has liquidated nearly 2,300 arrear rakes to the non-power segment since the beginning of this fiscal, thereby bringing down the backlog to the segment by more than 44 per cent.

The state-owned miner had arrears of over 5,100 rakes to the non-power sector, which had accumulated over the past two fiscals. CIL is hopeful of being able to clear the backlog in the next few months.

“CIL accelerated the loading of rakes to non-power sector consumers, since April 1 2019, reducing its backlog by more than 44 per cent in over a three-and-half month period as of July 21,” said a press statement issued by company. The bulk of non-power consumers constitute Captive Power Plants (CPPs) and cement sector followed by a host of other industries.