The government on Saturday approved offering of dry-fuel by coal companies, including state-owned CIL, through a common e-auction window instead of sector specific auctions.
The approval was given during a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
In a statement, the coal ministry said CCEA has approved “offering of all the non-linkage coal by coal companies through one e-auction window of CIL (CIL)/Singareni Collieries Company Ltd (SCCL).”
Due to the move, market distortions would be removed and single rate for all the consumers will evolve in the e-auction market. It will increase operational efficiencies and lead to an increase in domestic coal demand.
