CIL’s coal allocation under spot e-auction scheme drops 7% in April-June
CIL’s coal allocation under spot e-auction scheme registered 7.1 per cent decline to 6.89 million tonne in April-June this fiscal, in the wake of slump in fuel demand due to Covid-19 induced lockdown.
Coal India Ltd (CIL) had allocated 7.42 million tonne (MT) of coal in the year-ago period, according to government data.
However, the coal allocated by the PSU in June increased to 3.68 MT, compared to 2.07 MT in the corresponding month of 2019-20, it said.
Coal distribution through e-auction was introduced with a view to provide access to coal for such buyers who are not able to source the dry fuel through the available institutional mechanism, as per the information available on CIL website.
