Coal India sees a 3x surge in October e-auction volumes at 17 mn tonnes

The company said the spike is due to increased demand from the power sector and several unstructured coal buyers

Topics
Coal India | Coal  | coal industry

Shreya Jai  |  New Delhi 

State-owned miner Coal India Limited (CIL) had a record 190 per cent increase in the volume of coal booked through its e-auction sale during October. The booked quantity of coal under all the e-auctions it holds was 16.8 Million Tonnes (MT) in October 2020, as compared to 5.8 MT in October last year.

The company said the sharp rise is due to increased demand from the power sector and several unstructured coal buyers. Coal volume booking in e-auctions for the first seven months of the current financial year stood at 59 MT, up 90 per cent over the corresponding period last ...

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First Published: Wed, November 04 2020. 17:42 IST
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