Coal news and updates

Kolkata: In less than a month of Coal India (CIL) tweaking its e-auction coal sales policy, lifting the restriction on exports of its coal procured by domestic coal purchasers under two e-auction windows, the first coal-laden rake left for Bangladesh on July 2. One rake of coal weighs around 4,000 tonne.

The destination of below 2200 gross calorific value coal purchased under spot e-auction from Dahibari siding of Bharat Coking Coal (BCCL), the Jharkhand-based coal producing subsidiary of CIL, is Rampal Power Station, Khulna, Bangladesh.

 

This falls under Maitree Super Thermal Power Project — a joint venture between the Indian power producer NTPC and Bangladesh Power Development Board. The Bangladesh-bound coal left the Indian shore from Kolkata port, the sea route which links India with Bangladesh.

Effective June 8, the Mahartana coal miner amended its e-auction sales policy allowing across-the-border sale of coal bought under spot e-auction and special spot e-auction by domestic coal purchasers, including traders.

 

“This ushered in the way for coal exports. Both types of auctions are meant for all categories of Indian coal buyers and traders. Special spot e-auction though offers extended time for lifting coal. Though small in quantity, what is encouraging is that a beginning has been made. We look forward to more exports that would help improve coal sales under the two categories of the auction platform,” said a senior executive of the company.

 

Source : https://timesofindia.indiatimes.com/business