Coal India’s (CIL) total coal allocation under its four e-auction windows has registered about 65 percent year-on-year rise during the first half of the current financial year (H1FY21). The company booked 41.4 million tonnes (MT) raw coal in e-auctions during April-September 2020, compared with 25.1 MT booked in the corresponding period last fiscal.
The increase in volume terms stood at 16.3 MT. With the industrial and commercial activities reviving after the unlock, the company is hopeful that the demand sustains and the sales get boosted soon. With no dearth of coal, the company is confident of meeting the increased demand. Last year's coal import trend showed that 40 percent of the imports of dry-fuel were by traders. CIL decided to give more thrust in auction sales that resulted in higher volumes. This is also in line with the government's push on 'Atmanirbhar Bharat' in the energy sector.
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.
