Lockdown: CIL relaxes payment terms, reschedule e-auctions
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The world's largest miner has also directed itssubsidiary companies to extend the date for payment bysuccessful bidders in e-auctions, in case it falls within thelockdown period.
"CIL is helping its non-power customers overcomelast-mile connectivity issues they are facing due to thenationwide lockout declared to contain the Covid-19 outbreak,"a top Coal India official told .
CIL has requested Indian Railways to defer coalloading of rakes for non-power consumers who do not have theirown unloading system inside their plants or have to unloadrakes at other sidings.The situation will be reviewed after the lockdown iswithdrawn, he said.
The official said CIL is also changing the time ofvarious e-auction schemes which were scheduled during thelockdown period.(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)
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