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CIL’s fuel allocation under e-auction scheme for non-power sector rises almost 6-fold in H1FY21

23 Oct 2020 Evaluate

Coal India’s (CIL) fuel allocation under the exclusive e-auction scheme for the non-power sector rose almost six-fold to 13.44 million tonnes (MT) in April-September this fiscal (H1FY21). The company had allocated 2.31 MT of dry fuel to the sector under the scheme in the corresponding period of the previous fiscal. This growth comes amid the company looking to tap the non-power sector to consume its coal.

However, there was no allocation of coal by the PSU under the scheme last month. For the entire fiscal (2019-20), the company’s coal allocation under the scheme dropped to 8.03 MT from 11.36 MT in FY19.

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 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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