COAL & MINES

CIL’s coal allocation to power sector under e-auction drops 28 per cent in April

CIL’s coal allocation to power sector under e-auction drops 28 per cent in April

State-owned CIL’s coal allocation under special forward e-auction for the power sector dropped 27.9 per cent to 2.19 million tonnes (MT) last month. Coal India Ltd (CIL) had allocated 3.04 MT of coal in April last year, according to the latest monthly summary by the coal ministry for the Cabinet.

However, the coal allocation by the PSU under the scheme had increased to 39.33 MT in FY’21 from 27.12 MT in FY’20.

Coal distribution through forward e-auction is aimed at providing access to coal for such consumers who wish to have an assured supply over a long period, say one year, through e-auction mode so as to plan their operation. Read More

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