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CIL Coal E Auction Allocation in April-September dips by 36% YoY

Coal News - Published on Wed, 13 Nov 2019

Image Source: sentinelassam
Coal India Limited’s coal allocation under spot e-auction scheme declined 36.4% YoY to 11.25 million tonne in April-September 2019. The coal allocated in September also dropped to 1.97 million tonne as compared to 2.58 million tonne in the corresponding month of 2018-19.

Coal distribution through e-auction was introduced with a view to providing access to coal for such buyers who are not able to source the dry fuel through the available institutional mechanism. The purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single window service. CIL's coal allocation under spot e-auction scheme had declined 37.7% YoY to 34.34 million tonne in 2018-19.

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Posted By : Yogender Pancholi on Wed, 13 Nov 2019
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