KOLKATA: Coal IndiaNSE 0.72 % (CIL) plans to ramp up auction offerings by 14% during the current fiscal against the previous year when similar supplies declined 5%.
It is expected to bring down premiums in the auctions market and offer respite to independent power, cement, sponge iron companies among others that depend on coal available through auction.
“This year CIL has decided to auction 137 million tonnes of coal which would include longterm supply contract auctions, spot e-auctions and forward eauctions,” a senior Coal India executive told ET.
