Coal India Ltd.

Coal India’s e-auction sales registered a growth of 52.5 per cent at 21.5 million tonne (MT) in the first two months of the ongoing fiscal year. The company’s total allocated quantity under the five auction windows was at 14.1 MT in April-May 2019-20. Coal India e-auction sales are beginning to look up as the company posted 52.5 per cent growth, in auction bookings, during the first two months of the ongoing fiscal.

The upward trend in the allocation was primarily driven by non-power sector which evincing a healthy appetite for the dry fuel accounted for 50 per cent of the total booked quantity of 21.5 MT.

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.