The allocation of CIL's coal under spot e-auction decreased by 38% in FY19

NEW DELHI: State Property Coal India Limited Coal Allocation Below Spot E-auction Scheme Decreased By 37.7 Percent To 34.34 Million Tons In The Last Tax Year (2018-19).

The Country's Top Dry Fuel Miner Had Allocated 55.17 Million Tonnes (MT) Or Coal In FY 2018, According To Government Data.

However, The Coal Allocated By The PSU Under The Scheme In March Increased By 10.2 Per Cent To 4.18 MT, Compared To 3.79 MT In The Corresponding Month Of FY 2018, It Said.

Coal Distribution Through E-auction Was Introduced With A View To Provide Access To Coal For Such Buyers Who Are Not Able To Source The Dry Fuel Through The Available Institutional Mechanism, As Per The Information Available On CIL Website

The Purpose Of E-auction Is To Provide Equal Opportunity To Purchase Coal Online Through Single Window Service To All Intending Buyers.

Coal India Accounts For Over 80 Per Cent Or Domestic Coal Output.

The Company Reported A Growth Of 7 Percent Coal Production To 606.9 Million Tonnes In 2018-19, A Shade Below The MoU Target Of 610 Million Tonnes With The Coal Ministry.

The Coal Production stood at 567.4 million tonnes in FY 2018.

comments