CIL’s coal allocation under spot e-auction drops 36 pc in April-September


CIL’s coal allocation under spot e-auction drops 36 pc in April-September

CIL’s coal allocation under spot e-auction scheme declined 36.4 per cent to 11.25 million tonne in April-September period of the ongoing fiscal. Coal India (CIL) had allocated 17.69 million tonne (MT) of coal in the year-ago period, according to government data.

The coal allocated by the PSU under the scheme in September also dropped to 1.97 MT, compared to 2.58 MT in the corresponding month of 2018-19, it said.

Coal distribution through e-auction was introduced with a view to providing access to coal for such buyers who are not able to source the dry fuel through the available institutional mechanism, as per the information available on CIL website.

The purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single window service. Read More

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