Coal India Ltd.

Coal India has reportedly liquidated nearly 2,300 arrear rakes to the non-power segment since the beginning of this fiscal, thereby bringing down the backlog to the segment by more than 44%.

The company had arrears of over 5,100 rakes to the non-power sector, which had accumulated over the past two fiscals. The company is hopeful of being able to clear the backlog in the next few months.

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.