-2.80 (-0.66%) Coal India's (CIL) fuel allocation under the exclusive e-auction scheme for the non-power sector increased three-fold to 6.66 million tonnes (MT) in the April-June period of the ongoing financial year (Q1FY21).
This growth comes amid CIL looking to tap the non-power sector for the consumption of its coal in the wake of a slump in demand for the dry fuel. CIL had allocated 2.20 MT of the dry fuel to the sector under the scheme in the April-June period of the last financial year.
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.