Coal India Ltd.

Coal India’s (CIL) coal allocation under special forward e-auction for the power sector dropped 27.9 per cent to 2.19 million tonnes (MT) in April 2021. The company had allocated 3.04 MT of coal in April last year. However, the coal allocation by the PSU under the scheme had increased to 39.33 MT in FY21 from 27.12 MT in FY20.

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.