• Coal India Limited (CIL), has increased the minimum assured commitment level of coal supply, ‘trigger level’, to 80% from the existing 75% of annual contracted quantity (ACQ) to its power sector consumers covered under fuel supply agreements (FSA) for 2020-21.
  • The supply of fuel by state-owned CIL to the power sector registered an increase of 6.2% to 42.58 million tonnes in February against 40.10 million tonnes in February 2019,  according to the recent government data.
  • However, the despatch of coal by CIL to the power sector in the April-February period of 2019-20 registered a decline of 5.8% to 419.70 MT, against 445.71 MT in the year-ago period, the data said.
  • Fitch Solutions cut India’s economic growth forecast for the financial year 2020-21 to 1.8% saying private consumption is likely to contract due to large-scale loss of income in the face of worsening domestic outbreak of COVID-19.
  • Coal India Limited (CIL) has asked the government to lower railway freight rates for coastal and southern regions to make its fuel viable and encourage importers to switch to domestic supply.