Coal India's (CIL) coal allocation under spot e-auction scheme registered 7.1 percent decline to 6.89 million tonne (MT) in April-June of 2020-21, in the wake of slump in fuel demand due to COVID-19 induced lockdown. The company had allocated 7.42 MT of coal in the year-ago period. However, the coal allocated by the company in June increased to 3.68 MT, compared to 2.07 MT in the corresponding month of 2019-20.
Coal distribution through e-auction was introduced with a view to provide access to coal for such buyers who are not able to source the dry fuel through the available institutional mechanism.
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.
