CIL’s coal allocation to power sector under e-auction rises 5.9% in Apr-Nov

State-owned CIL’s coal allocation to the power sector under the special e-auction saw a 5.9 per cent rise to 17.96 million tonnes (mt) in the first eight months of the current financial year.

Coal India Ltd (CIL) had allocated 16.95 mt of coal during the April-November period of the previous financial year, according to the coal ministry’s monthly summary for the Cabinet.

However, coal allocation by the state-owned company under the scheme dropped significantly to 1.38 mt last month, over 4.05 MT in the corresponding month a year ago, it said.

Coal distribution through the 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, so as to plan their operations.