New Delhi: In a major development, state-run Coal India Ltd (CIL) has lifted the embargo on coal exports under its e-auction sales policy. Now coal purchasers, including traders, can export the coal bought through this route.
This assumes significance given that CIL is India’s largest coal miner, with the allocation under spot e-auction and special spot e-auction accounting for 46 million tonnes (mt) of coal in FY21.
“The country’s largest coal producer and supplier has lifted the embargo on exporting coal procured through spot e-auction and special spot e-auction outlets. This is a first of its kind development since the introduction of spot e-auction in 2007,” CIL said in a statement on Friday.
