/ Coal India In Talks With Railways To Increase Rake Loading ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 15 November 2017

Coal India (CIL) is reportedly in talks with railways to increase rake loading from an average of 216 so far since April to 250 by the end of the fiscal year, to meet increased demand with both power and non-power sectors facing a short-supply of the dry fuel. Currently, the state-run monopoly has been focusing on supplying coal to the power sector, which is struggling with dwindling stocks and falling generation at many plants.

The company’s average loading of rakes per day stood at 208.8 during July-September 2017 quarter, up by 7% compared to 195.2 rakes per day on a same quarter comparison of last year. The increase in absolute terms during the period was a strong 13.6 rakes per day.

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.

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