Coal India Ltd.

Coal India (CIL) has launched a one-time offer, which will facilitate power utilities to pick up the fuel directly from mines. It is providing this scheme for independent power producers drawing coal under fuel supply agreements (FSAs). The company will allow power utilities to lift the coal which is held in the stocks on 'as is where is' basis with the stipulation that the power stations will make their own evacuation arrangement.

The company has eight subsidiaries, out of which seven are coal producing -- Eastern Coalfields, Bharat Coking Coal, Central Coalfields, Northern Coalfields, Western Coalfields, South Eastern Coalfields and Mahanadi Coalfields. It has over 60 million tonnes of stocks piled up at pitheads due to problems like inadequate rakes for removing the same.

CIL has registered a growth of 5.6% in coal production during April-May, 2012 period. The company has produced 69.38 MT (million tonne) coal compared to 65.67 MT during same period of last year. The company has also surpassed the target during the period which was of 68.82 MT.