Coal India Ltd.

State-owned Coal India (CIL) will start the second phase of auction of coal linkages for the non-regulated sector and is likely to put on offer 14.5 million tonnes (MT) of fuel. The auction of the second phase will be held in the month of January and February.

The company will put on offer of around 5 MT of coal for the sponge iron sector. In the first round, the company had auctioned around 22 MT of fuel linkages for the non-regulated sector.

Coal India accounts for over 80% of the domestic coal production and is eyeing 1 billion tonne production by 2020. The PSU is eyeing 598 million tonnes in 2016-17.