State-owned CIL on Friday said that it has removed the restriction on exporting coal procured through two spot auctions.
The development assumes significance as the current inventory of coal behemoth is little over 70 million tonnes (MT).
“In a major policy shift, Coal India Ltd (CIL), effective from June 8, paved the way for domestic coal purchasers including traders in allowing them to export coal procured under two categories of e-auction schemes,” the maharatna firm said in a statement.
To this effect the company has tweaked its e-auction coal sale policy this week after its board gave the go-ahead.
