Coal India registers 77% growth in e-auction sales in Apr-Nov
Coal India Ltd NSE 2.86 % (CIL) has logged 77% growth in e-auction sales in April-November of the current fiscal, booking 68.3 Million Tonnes (MTs). The upsurge in the booked or allocated quantity of coal was close to 30 MTs in absolute terms, compared to 38.6 MTs booked during the same period a year ago, a company official said.
Exclusive auction for non-power consumers booked 17.4 MTs which is 25.5% of the total allocated quantity during the period. Compared to 4.8 MTs booked by non-power consumers during April-November last year, the growth is 262%. E-auction sales for November 2020 witnessed improved volume bookings at 9.4 MTs, clocking 23.7% growth over last November, helping CIL net 30% premium over the notified prices.
