-1.15 (-0.28%) Coal India is aiming 50 million tonne (MT) sales through the e-auction route in the second half of the current fiscal (FY23). The company had sold around 30 million tonne via e-auction in the first six months of the 2022-23 financial year.
Coal India's e-auction sales were at 108 million tonne in 2021-22. In the July-September quarter of the current fiscal, the miner had sold 10.36 million tonne of coal via e-auction, and the average realisation was Rs 6,061 per tonne.
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.