CIL nods increase in coal evacuation facility charges

On Saturday, state-owned CIL told the media that its board has passed a proposal to increase coal evacuation facility costs. Coal India Ltd (CIL), in a filing, said that the board has additionally allowed subsuming rapid loading charges with evacuation facility charges with effect from Sunday. The filing said that the Coal India Ltd board passed the proposal to enhance evacuation facility charges to Rs 60 per tonne with effect from August 1, 2021. The boards of CIL arms have been allowed to determine the evacuation facility charges to be charged from the consumers with the terms of an annual review with effect from August 1. Coal India estimates for more than 80% of domestic coal production. The maharatna company is eyeing one billion tonne of coal production by 2023-24. Coal India Limited is owned by the Government of India coal mining and refining corporation. It is under the control of the Ministry of Coal, Government of India, headquartered in Kolkata, West Bengal, India. It is the biggest coal-producing firm worldwide and a Maharatna public sector undertaking. Image Source Also read: Coal supply for power plants drops in last three years Also read: NMDC slashes iron ore prices by Rs 200 per tonne