New Delhi: State-owned Coal India’s fuel allocation under the exclusive e-auction scheme for the non-power sector rose over three-folds to 3.91 million tonnes (MT) in April. Coal IndiaNSE 5.53 % Ltd (CILNSE -4.92 %) had allocated 1.20 MT of dry fuel to the sector under the scheme in April 2019, as per latest government data.
This growth comes amid CIL looking to tap the non-power sector to consume its coal in the wake of a slump in demand for the dry fuel.
For the entire fiscal (2019-20), the PSU’s coal allocation under the scheme dropped to 8.03 MT from 11.36 MT in the previous year.
