+
Coal India goes digital with fuel supply agreements
COAL & MINING

Coal India goes digital with fuel supply agreements

Coal India Ltd (CIL) announced the digitisation of its fuel supply agreement (FSA) process, allowing clients, including power sector companies, to complete contracts online, enhancing business convenience. This shift eliminates the need for physical submission of documents, with bank guarantees and other required paperwork now accepted digitally.

In its statement, CIL said, “For the first time, we have introduced online signing of FSAs for both power and non-regulated sector customers participating in linkage-based auctions.”

To streamline operations, the company has reduced the documentation required from clients. “The digital process replaces the cumbersome manual handling of large volumes of paperwork. Customers can now finalise contracts from their workplaces without visiting coal companies,” a senior executive explained.

The new system also resolves discrepancies online, avoiding the need for in-person visits to rectify errors. With hundreds of FSAs signed annually, the electronic process simplifies document management and progress tracking for both suppliers and customers.

So far, around 700 FSAs, covering 19 million tonnes of coal, have been formalised digitally for non-regulated sectors. In the power sector, 262 FSAs have been signed online, totalling 24 million tonnes.

Coal India, which contributes over 80% of the country’s coal production, expects the digital transition to improve efficiency and customer experience across sectors.

(ET)

Coal India Ltd (CIL) announced the digitisation of its fuel supply agreement (FSA) process, allowing clients, including power sector companies, to complete contracts online, enhancing business convenience. This shift eliminates the need for physical submission of documents, with bank guarantees and other required paperwork now accepted digitally. In its statement, CIL said, “For the first time, we have introduced online signing of FSAs for both power and non-regulated sector customers participating in linkage-based auctions.” To streamline operations, the company has reduced the documentation required from clients. “The digital process replaces the cumbersome manual handling of large volumes of paperwork. Customers can now finalise contracts from their workplaces without visiting coal companies,” a senior executive explained. The new system also resolves discrepancies online, avoiding the need for in-person visits to rectify errors. With hundreds of FSAs signed annually, the electronic process simplifies document management and progress tracking for both suppliers and customers. So far, around 700 FSAs, covering 19 million tonnes of coal, have been formalised digitally for non-regulated sectors. In the power sector, 262 FSAs have been signed online, totalling 24 million tonnes. Coal India, which contributes over 80% of the country’s coal production, expects the digital transition to improve efficiency and customer experience across sectors. (ET)

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?