With surging pithead stock and a surplus scenario in the sector, Coal India is in favour of tweaking its e-auction policy to broaden its customer base and maintain a steady bottomline, an official said on Sunday.
The idea of “putting all e-auction coal in single bucket” will help realise a higher off-take, he said.
“When pithead coal stock is nearly 70 million tonne and we have a surplus situation, the idea of putting all e- auction coal in single bucket will help expand the base of customers. This will result in a higher offtake,” a Coal India official told .
The government had indicated that the reform measures could be taken in the marketing of the fuel.
The allocation of coal for e-auctions is “more than demand at present” even though there are signs of revival in the economic activities after the lockdown.
The coal behemoth conducts five types of e-auction of the dry fuel for its customers.