State-owned miner Coal India (CIL) witnessed a record 190 per cent increase in the volume of coal booked through its e-auction in October, on the back of increased demand from the power sector and several unstructured coal buyers.
It booked 16.8 million tonnes (mt) of coal in October, compared to 5.8 mt in the corresponding month last year.
During the first seven months of the current financial year (FY21), the firm booked 59 mt of coal in e-auctions, a growth of 90 per cent over the corresponding period last year.
In July, CIL launched a special category of e-auction for companies and traders which import coal to meet their requirements. Under this, 1.6 mt of coal was booked.
