State-owned CIL’s coal allocation under special-forwad e-auction for the power sector registered a 15-fold rise at 5.51 million tonnes (MT) in February 2020.
Coal India Ltd (CIL) had allocated 0.38 MT of coal in February 2019, according to the latest monthly summary by the coal ministry for the Cabinet.
The coal allocation by the PSU under the scheme increased marginally by 0.8 per cent to 26.23 MT in the April-February period of FY2019-20, over 26.02 MT in the corresponding period a year ago, it said.
Coal distribution through forward e-auction is aimed at providing access to coal for such consumers who wish to have an assured supply over a long period, say one year, through e-auction mode so as to plan their operation, the summary said.
