PSU NEWS
CIL take vendors onboard the TReDS
New Delhi: As a socially responsible corporate and considering the ensuing COVID19 pandemic, CIL organized a meeting of all its vendors, mainly comprising of MSMEs to take them onboard the TReDS (Trade Receivable Discounting System) platform.
TReDS is a mechanism of trade receivables financing for MSMEs on a secure digital platform. This platform is a transparent and efficient way of factoring invoices and ensuring timely payment to the vendors. A presentation of the working of TReDS was made by a RXIL representative who explained the advantages and usefulness of the platform.
Shri. V.G.Pratapan, GM – Administration, CIL, was the Chief Guest while Smt. Ratnabali Some, GM – Finance, CIL was the guest of honor. Shri. Sanjay, Sr. Manager (Per / Admn.) proposed the vote of thanks.
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