Coal allocation for spot e-auction drops 8.19% in Apr-Jan to 24.87 MT

State-owned Coal India Ltd allocated 24.87 million tonnes of dry fuel for the spot electronic auction (e-auction) during April-January, down by 8.19 per cent over the same period of last year.

Coal India (CIL) had allocated 27.09 million tonne (MT) of coal in the year-ago period, according to the government data.

For January 2020, the coal allocation for the e-auction scheme declined to 3.62 MT from 4.83 MT in the corresponding month of 2019.

Coal distribution through e-auction was introduced with a view to providing access to coal for such buyers who are not able to source the fuel through available institutional mechanism.