CIL Goes Digital with Paperless FSA
ECONOMY & POLICY

CIL Goes Digital with Paperless FSA

Coal India Limited (CIL) has taken a significant step towards digital transformation by launching the industry's first-ever paperless signing of Fuel Supply Agreements (FSA) for the power and industrial sectors. This digital initiative aims to streamline the process of signing FSAs, making it more efficient, transparent, and eco-friendly. By eliminating the need for physical paperwork, CIL is reducing delays, enhancing operational efficiency, and contributing to the government’s push for digitalization across various sectors.

This paperless process is part of CIL’s broader strategy to modernize its operations, enhance customer service, and align with global sustainability trends. By adopting a fully digital workflow for signing FSAs, the company aims to accelerate the turnaround time for finalizing agreements, benefiting both the power and industrial sectors, which are heavily dependent on a steady coal supply for their operations. The initiative is expected to boost customer confidence in CIL's services and promote transparency in the contract execution process.

For the power sector, which relies on coal as a primary energy source, this digital shift represents a move toward greater reliability and speed in securing coal supplies. Industrial consumers of coal, including steel, cement, and other manufacturing sectors, will also benefit from the reduced processing time for signing agreements, allowing them to plan their operations more efficiently.

The transition to a paperless system reflects CIL’s commitment to environmental sustainability by cutting down on paper use, thus aligning with global efforts to reduce carbon footprints. Additionally, it is part of India’s larger digitalization drive under various government initiatives aimed at making public sector enterprises more agile and technologically advanced.

This development is expected to set a precedent for other sectors within the energy and industrial supply chains to adopt digital processes, enhancing the overall ease of doing business in India. It also underscores the growing importance of technology in transforming traditional industries, especially in sectors like coal, which are critical to the country’s economic and energy needs.

Coal India Limited (CIL) has taken a significant step towards digital transformation by launching the industry's first-ever paperless signing of Fuel Supply Agreements (FSA) for the power and industrial sectors. This digital initiative aims to streamline the process of signing FSAs, making it more efficient, transparent, and eco-friendly. By eliminating the need for physical paperwork, CIL is reducing delays, enhancing operational efficiency, and contributing to the government’s push for digitalization across various sectors. This paperless process is part of CIL’s broader strategy to modernize its operations, enhance customer service, and align with global sustainability trends. By adopting a fully digital workflow for signing FSAs, the company aims to accelerate the turnaround time for finalizing agreements, benefiting both the power and industrial sectors, which are heavily dependent on a steady coal supply for their operations. The initiative is expected to boost customer confidence in CIL's services and promote transparency in the contract execution process. For the power sector, which relies on coal as a primary energy source, this digital shift represents a move toward greater reliability and speed in securing coal supplies. Industrial consumers of coal, including steel, cement, and other manufacturing sectors, will also benefit from the reduced processing time for signing agreements, allowing them to plan their operations more efficiently. The transition to a paperless system reflects CIL’s commitment to environmental sustainability by cutting down on paper use, thus aligning with global efforts to reduce carbon footprints. Additionally, it is part of India’s larger digitalization drive under various government initiatives aimed at making public sector enterprises more agile and technologically advanced. This development is expected to set a precedent for other sectors within the energy and industrial supply chains to adopt digital processes, enhancing the overall ease of doing business in India. It also underscores the growing importance of technology in transforming traditional industries, especially in sectors like coal, which are critical to the country’s economic and energy needs.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?