COAL & MINES

COVID-19 crisis: CIL increases trigger level to push lifting of domestic coal

In a bid to give some more relief to the power companies amid the COVID-19 pandemic, public-sector miner Coal India has decided to increase the supply trigger level from 75% to 80% of the annual contracted quantity (ACQ).

A CIL official said the new trigger level is not binding on consumers and those willing to continue at a 75% trigger level may continue to do so. But the new trigger level would help the plants running at a higher plant load factor (PLF) source more coal domestically and CIL will have to supply the extra quantity under a new agreement.

This could, however, lessen the demand for e-auction coal, which fetches CIL a premium above the notified price.

The CIL official said increasing trigger level is likely to encourage higher lifting.

Source
financial express
Show More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close
Close