Coal India’s (CIL) coal allocation under special forward e-auction for the power sector declined 28.7 percent to 4.74 million tonnes (MT) in the first quarter of the ongoing fiscal (Q1FY21). CIL had allocated 6.65 MT of coal in April-June period of the last fiscal. Coal allocation by the Maharatna firm under the scheme declined to 0.64 MT last month, from 0.88 MT in June 2019.
CIL is one of the major suppliers of coal to the power sector. The PSU, which is already reeling under the impact of the COVID-19 crisis which has hit demand and supply of coal, had recently said the situation will remain uncertain in July-September as some states are resorting to fresh lockdowns.
Coal India is the world’s largest coal mining company. It also produces noncoking coal and coking coal of various grades for diverse applications.
