Government wants CIL to liquidate 10MT of stocks by end of October to address demand surge


Government wants CIL to liquidate 10MT of stocks by end of October to address demand surge

The government has admonished Coal India’s brass for poor project management, long delays in tendering, leniency with contractors and other issues that have starved thermal power plants of fuel and warned the company’s nonperformers that it can take stern action.

The central government wants Coal India to liquidate 10 million tonnes of pit head stocks from its existing 21 million tonnes by end of October to take care of increased demand during festival season.

“Contracts management and monitoring systems, especially for big infrastructure projects like coal handling plants and washeries are very poor,” the coal ministry said in a letter to Coal India. Read More

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