Coal India Ltd allocates 17.34 MT of coal to power sector under special forward e-auction in Apr-Sept period

Coal India Ltd (CIL) allocated 72.1% higher quantity of coal at 17.34 million tonnes under the special forward e-auction scheme to the power sector during the April-September period. The state-owned company had allocated 10.07 Million Tonnes (MT) of coal under the scheme in the year-ago period, according to government data.

However, no coal was allocated under the scheme for the power sector in September.

Coal distribution through forward e-auction is aimed at providing access to coal for consumers who wish to have an assured supply over a long period through e-auction mode to plan their operations.

CIL, one of the major coal suppliers to the power sector, accounts for over 80% of the domestic coal production.