Coal India (CIL) has introduced a new category of spot e-auction for importers only and aimed at replacing 150 million tonne of the fuel sourced from abroad with domestic supply. The coal procured under the ‘special spot e-auction scheme 2020 for import substitution’ will be for use within the country. This move is in a bid to attain the government’s thrust on reducing coal import dependency of the country under the Atma Nirbhar plan. Coal imports of 150 million tonne can be replaced with this new scheme.
The new programme is an addition to its existing four categories of e-auctions. CIL has taken up a new marketing strategy to substitute imported coal with more domestic supplies.
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.
