Coal India waives financial coverage for NPS customers

** Coal India Limited (CIL) has waived the ten-day coal value financial coverage requirement for its non-power sector (NPS) consumers using rail transport, streamlining transactions and fostering smoother operations. This move aims to reduce the financial burden on NPS consumers, improving their cash liquidity, according to a CIL executive. The freed-up capital can now be used for operational needs, easing working capital pressure. During the current financial year, CIL supplied approximately 560 million tonnes (MT) of coal to the power sector and around 134 MT to NPS consumers until February, with rail transport accounting for 55% of CIL's total supply. This initiative is part of CIL's broader vision to optimize and modernize coal supply processes, aligning with the government's push for transparent, accessible, and cost-effective business operations across industries in India.