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Coal India eases fuel supply policy for small consumers

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Kolkata, Nov 5 (IANS) Coal India Ltd (CIL) on Monday said it has relaxed norms governing supply of the dry fuel to small consumers, a move that would increase availability of coal for customers who need less than one million tonnes a year.

The state-run monopoly eased the Mine-Specific Coal Supply policy, lowering the annual requirement of coal to 0.25 million tonnes for small consumers.

“This change would be a boon to consumers having smaller quantities of coal requirement,” said an official of the company.

CIL took the decision considering the market dynamics, profile of consumers and mines, varying from subsidiary to subsidiary of Coal India.

“A need was felt for a flexible mechanism to enable coal companies explore willing consumers of all sectors with whom mine-specific coal supply arrangement can be made from existing and new mines,” the official added.

The Mine-Specific Coal Supply policy was framed in 2011 to allow customers get assured supply from a preferred source and benefit from reduction in logistic costs.

However, the policy was applicable to consumers having a minimum requirement of one million tonnes per annum. Further, the mine from which the coal was to be sourced should have an annual production capacity of 2.5 million tonnes.

With the relaxation in norms, the number of mines for participation in the policy has been expanded by lowering the eligibility criterion. Mines with an yearly output capacity of one million tonnes can now participate, as against 2.5 million tonnes earlier.

Moreover, the threshold levels of consumer requirement and production capacity of mines could be reduced even further by CIL’s subsidiaries, if deemed appropriate.

Consumers can lift coal from the existing sidings of coal companies or opt for road-cum-rail mode of transportation of coal. The captive mode of transportation is environment-friendly and cost-effective. Hence, consumers shall be encouraged to develop such infrastructure under separate contract arrangements with the coal companies, the miner said.

The revised policy shall be implemented in a transparent manner where all linked/Fuel Supply Agreement (FSA) consumers can participate for securing mine-specific allocation of coal.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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