Coal India Ltd.

Coal India (CIL) is optimistic of closing the current financial year (FY21) with auction bookings of 120 million tonnes (MT). CIL’s concentrated efforts to book increased volumes of coal under e-auction to bolster sales revenue, especially in view of the narrowed margins in add-ons during the COVID-19 pandemic period, paid off with the company scoring a strong 76.2 per cent growth during April-December of the current fiscal. It would be the highest ever since coal sales began under the auction hammer. The auction sales have surpassed the company’s previous estimates and it is sure of allocating 120 MT of coal by the end of the current fiscal.  

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.