Coroanvirus Lockdown: Coal India relaxes payment terms, reschedule e-auctions

To protect interests of its consumers, Coal India Ltd on Thursday said it has relaxed payment terms and directed the railways to defer loading of rakes for non-power buyers due to last-mile connectivity disruption following the nationwide lockdown. The world’s largest miner has also directed its subsidiary companies to extend the date for payment by successful bidders in e-auctions, in case it falls within the lockdown period.

“CIL is helping its non-power customers overcome last-mile connectivity issues they are facing due to the nationwide lockout declared to contain the Covid-19 outbreak,” a top Coal India official told PTI. CIL has requested Indian Railways to defer coal loading of rakes for non-power consumers who do not have their own unloading system inside their plants or have to unload rakes at other sidings.