State-owned Coal India Ltd (CIL) on Wednesday said it is optimistic of closing the current financial year with auction bookings of 120 million tonnes (MT).
CIL’s concentrated efforts to book increased volumes of coal under e-auction to bolster sales revenue, especially in view of the narrowed margins in add-ons during the COVID-19 pandemic period, paid off with the company scoring a strong 76.2 per cent growth during April-December of the current fiscal, the PSU said in a statement.
“Encouraged by the buoyancy in its e-auction coal sales, CIL is optimistic of closing the current fiscal with auction bookings of 120 million tonnes (MT). It would be the highest ever since coal sales began under the auction hammer,” the PSU said.
