Coal India’s (CIL) coal allocation to the power sector under special e-auction registered a 27.7 percent rise to 16.48 million tonnes (MT) in the April-October 2020 period. The company had allocated 12.90 MT of coal to the sector in the year-ago period.
The coal allocation by the company in October also increased to 6.51 MT, over 1.97 MT in the corresponding month of the previous fiscal. Coal distribution through forward e-auction is aimed at providing access to coal for such consumers who wish to have an assured supply over a long period, say one year, through e-auction mode so as to plan their operation.
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.
