State-run Coal India has decided to offer 21.5% additional coal this fiscal to power generators through forward e-auctions, while it will reduce offerings in the spot auction market from 2018-19 level by almost 4%.
A senior executive at the coal behemoth said the company will offer 33 million tonnes of coal through forward e-auctions in 2019-20 compared with 27.14 million tonnes in 2018-19. About the same quantity will be offered through the spot auctions market during the year compared with 34.34 million tonnes in 2018-19.
For the non-power sector, Coal India will offer about 64 million tonnes of additional coal for long-term supply contracts through an auction mechanism, the executive said, adding that the rest of the coal Read More
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