6.55 (1.56%) Coal India's (CIL) first ever offer of nearly 5.2 Lakh Tonnes (LTs) of coal under the recently revamped single window e-auction was met with encouraging response from coal consumers with 100% of the offered quantity getting booked.
After the merger of earlier multiple auction windows into a solitary outlet, CIL conducted e-auction in two of its subsidiaries on March 3, 2022. The entire quantity of 3.2 LTs offered by Northern Coalfields, under the newly structured auction window, was fully booked. Similarly, a little over 1.98 LTs placed under the sole e-hammer by Eastern Coalfields got totally ordered.
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.