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Coal India relaxes payment terms

27 Mar 2020 Evaluate
In order to protect interests of its consumers, Coal India has relaxed payment terms and directed the railways to defer loading of rakes for non-power buyers due to last-mile connectivity disruption following the nationwide lockdown. The company has also directed its subsidiary companies to extend the date for payment by successful bidders in e-auctions, in case it falls within the lockdown period.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
Peers
Company Name CMP
Coal India 422.25
NMDC 80.51
Ashapura Minechem 517.40
Sandur Manganese 180.90
GMDC 543.25
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