Coal India (CIL) has allocated 13.86 million tonnes (MT) coal in the first five months of FY21 under the spot e-auction scheme, registering a year-on-year increase of 49.5 percent. The company had allocated 9.27 MT of coal in the April-August period of the previous fiscal.
Fuel allocation by CIL under the scheme also increased to 3.36 MT in August, from over 0.61 MT in the corresponding month of the previous fiscal. Coal distribution through e-auction was introduced with a view to providing 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.
