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New UserCIL allocates 8% less coal under spot e-auction in Apr-Sept
10 Nov 2016
Stateowned CIL allocated 24.9 million tonnes (MT) of coal under spot eauction
in the first six months of the current fiscal, down 7.7 per cent from the yearago period.
The decline comes amid government's goal to secure availability of coal to meet the demand
of various sectors of the economy including power.
Coal India Ltd (CIL) had allocated 27 MT of the fuel in the AprilSeptember period of last fiscal, according to the government data.
The PSU allocated 4.068 MT of fossil fuel under spot eauction of coal in September, against 4.282 MT in the same month last fiscal, it
said.
Under eauction, coal is sold at spot market price.
CIL had introduced a Spot eAuction Scheme 2007 for facilitating the country wideranging access to book coal online for all sections of
coal buyers enabling them to buy coal through a simple, transparent and consumerfriendly system of marketing and distribution of coal.
CIL accounts for over 80 per cent of the domestic coal production and is eyeing 1 billion tonne production by 2020. The PSU is eyeing 598
MT production in 201617.
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