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Coal India's fuel allocation for non-power sector rises 3-fold to 6.66 MT in Q1FY21

30 Jul 2020 Evaluate

Coal India's (CIL) fuel allocation under the exclusive e-auction scheme for the non-power sector increased three-fold to 6.66 million tonnes (MT) in the April-June period of the ongoing financial year (Q1FY21).

This growth comes amid CIL looking to tap the non-power sector for the consumption of its coal in the wake of a slump in demand for the dry fuel. CIL had allocated 2.20 MT of the dry fuel to the sector under the scheme in the April-June period of the last financial year.

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.

Peers
Company Name CMP
Coal India 420.35
NMDC 80.97
Ashapura Minechem 516.05
Sandur Manganese 182.75
GMDC 555.55
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