Coal India has allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of 2019-20, down 22.6 per cent over the year-ago period. The company had allocated 21.91 MT of coal in the April-November period of 2018-19.
However, the coal allocation by the PSU under the scheme increased to 4.05 MT in November, 2019, over 1.53 MT in November 2018. The special forward e-auction scheme is aimed at making an earmarked quantity of coal available for supply through e-auction to all power producers.
The company accounts for over 80 percent of domestic coal output. The state-owned firm had earlier said that it will produce 750 million tonnes of coal in the next financial year. The firm will further produce 1 billion tonnes of coal by FY2024.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
| Company Name | CMP |
|---|---|
| Coal India | 429.45 |
| NMDC | 84.88 |
| GMDC | 589.85 |
| Sandur Manganese | 203.50 |
| MOIL | 273.95 |
| View more.. | |
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