Coal news and updates

CIL July spot coal allotment via other platform sharply down

August 27: Both the allotted and offered quantities of coal through the MSTC platform in July 2014 fell sharply as compared to that in June 2014, according to information available with ICMW.

During July 2014, consequent upon the government directive to Coal India Ltd (CIL) - to restrict its coal offering under e-auction in order to supply more of the commodity to the power sector consumers only, a small quantity of only 0.306 million tons (mt) of various types of coals were offered by three subsidiaries of CIL on the MSTC platform of which 0.285 mt got allotted.

However, in June 2014, 3.042 mt of various types of coal were offered by seven subsidiaries of CIL on the MSTC platform of which 2.740 mt got allotted.

In May 2014, 1.55 mt of various types were offered by five subsidiaries of CIL on the same platform of which 1.46 mt got allotted while in April 2014, out of 3.99 mt of various types of coal offered by eight subsidiaries of CIL, 3.77 mt had got allotted.

On the other hand, in March, 2.44 mt of various types of coal had been offered by seven subsidiaries of CIL on the MSTC platform of which 2.2 mt had got allotted.