CIL’s e-auction sales nearly triple in Oct

Coal India’s booked quantity of coal under e-auctions nearly tripled to 16.8 Million Tonnes (MTs) in October’20 compared to 5.8 MTs of October last year, on the back of a big push from power sector and other coal buyers.

The steep growth of 190 per cent or an increase of 11 MTs, during the month,

bodes well for CIL as it signals a strong demand resumption for coal after a Covid led

hiatus.

Volume booking in e-auctions for the first seven months of the ongoing fiscal ending October at 59 MTs, increased by 28 MTs translating into a growth of 90%. For a comparable period last year CIL booked 31 MTs.