Dhanbad, August 13: Coal India has issued a notice stating that companies from now on will be able to extend the date of depositing coal value and coal supply in auction as per their conveniences. The Head of the Department of Commerce of Coal India has given this information in writing to the Marketing and Sales General Manager of all the subsidiary companies.
This decision has been taken in view of the problems faced by coal lifting and payment of coal value due to lockdown.
Because of the rule of maintaining physical distancing, manual loading was prohibited in many places. Due to production related difficulties, businessmen could not get coal on time. There was also trouble due to worker’s agitation in many places. The company was forced to refund the coal value.
On the other hand, businessmen were also having trouble in collecting the coal value in the lockdown. They were asking for more time to deposit the coal value. Usually, the amount has to be deposited within 10 days of the auction. Within 45 days, the businessmen have to pick up the coal. Now companies will be able to tweak it according to the circumstances.
