Mining behemoth Coal India (CIL) may close the current fiscal, booking 120 million tonne (MT) ) coal for e-auction, the highest ever since coal sales began through the auction route. This is near double the bookings of 66 MT made for e-auction last fiscal, surpassing the company’s earlier estimates of e-auction booking for the ongoing fiscal.
A CIL official said, “the company booked 13.1 MT for e-auction during December this fiscal. Even if the same amount is booked each month for the remaining three months this fiscal, e-auction booking will cross 120 million tonne.”
