Coal India Ltd.

Coal India (CIL) has taken steps to ease the norms in e-auctions like lowering the earnest money deposit (EMD) and ramping up the quantities offered under the auction hammer. The company is also planning to tweak its auction and allocation methodology, as it aims to encourage increased participation.

The coal behemoth has asked all its arms barring Northern Coalfields, to spike up their offer quantity under e-auction to 40 per cent of their respective total production for the second and third quarters of this financial year. At present, Coal India operates only a single window mode agnostic e-auction scheme, where consumers can opt their own preferred mode of transport of coal.  

Coal India (CIL) is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.