Coal India sees 65% spike in e-auction bookings at 41 mn tonnes

State-owned miner Coal India Limited (CIL) witnessed a 65 per cent increase in the coal booked through the e-auction mode.   CIL booked 41.4 million tonne of raw coal in the four rounds of e-auctions that it held during the April-September 2020 period compared to 25.1 MT in the corresponding period last fiscal.  The company in a statement said this is part of ongoing efforts to bring down import of coal.  Apart from long-term fuel supply agreements that CIL has with power plants and several non-power companies, it also periodically holds e-auction of coal .....

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