Coal allocation by CIL to power sector under e-auction drops 23%

State-owned Coal India allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of this fiscal, down 22.6 per cent over the year-ago period.

Coal India (CIL) had allocated 21.91 million tonnes (MT) of coal in the April-November period of 2018-19, according to the latest monthly summary by the coal ministry for the Cabinet.

However, the coal allocation by the PSU under the scheme increased to 4.05 MT in November, 2019, over 1.53 MT in November 2018, it said.

The special forward e-auction scheme is aimed at making an earmarked quantity of coal available for supply through e-auction to all power producers. Read More

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