The Indian Railways allotted at least 4,300 goods trains or rakes in the past 12-15 months on instruction from Coal India Limited, for supplying about 17 million tonnes of coal to the state-run miner’s non-power consumers including captive power plants, that were never loaded by CIL and the allotted rakes remain pending, said people aware of the matter.
The estimated value of this coal is at least Rs 2,200 crore and a portion of this has been already deposited in advance with CIL, said one of the persons, who spoke on condition of anonymity. Of late, CIL has stopped asking for additional rakes since it is not in a position to clear the entire backlog which touched 5,400 a month ago as coal scarcity continues at power houses, the person said. Read More
Latest posts by Khabar India (see all)
- India’s H-Energy to build LNG regas terminal - September 13, 2019
- Torrent Gas Acquires 3 Firms To Expand City Gas Distribution Business - September 4, 2019
- India To Acquire Reserves Of Strategic Minerals To Power The Country’s Move Into EVs - June 1, 2019