Coal news and updates

Sept e-auction sees slight rise in CIL offered, allotted quantities

October 9: The total offered and allotted quantities of coal under the spot e-auction route by Coal India Ltd (CIL) through the coaljunction platform rose marginally in September as compared to August, according to data available with ICMW.

CIL’s subsidiaries offered a total of 0.545 million tons (mt) of various grades for sale through coaljunction in September, up marginally from 0.526 mt offered in August.

The allotted quantity also increased marginally in September to 0.491 mt from 0.488 mt in August.

Incidentally, the offered and allotted quantities by CIL under spot e-auction have been falling consistently from July this year following the government directive in June to reduce the quantity of sale under this route.

As per the government directive, CIL was to reduce the sale of coal through the e-auction platform to 25 mt annually as compared to around 58 mt sold in 2013-14.