Coal India Ltd.

Coal India (CIL) is all set to hold special forward e-auction for power producers phase III on August 17, 20, 23 and 24, amid government’s plans to provide round-the-clock electricity to all. The first phase of the auction was held by the Public Sector Undertaking (PSU) in April while the second phase was held in May.

The Coal Ministry had earlier said power producers being supplied coal through the memorandum of Understanding (MoU) route by CIL will now have to take it via special e-auction being conducted for the power sector as the government has decided not to extend the pact beyond June 30.

CIL, a major supplier of coal to the power sector, is also eyeing production of one billion tonnes by 2020. The company’s output for this fiscal is fixed at 598 million tonnes.

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.