Coal India’s e-auction sales up 52% YoY in April-May, as demand rises
National miner Coal India Ltd (CIL) has witnessed a 52.5 per cent increase in its e-auction coal sales, in the first two months of the current fiscal year, over corresponding period a year before.
In a public statement, CIL said it allocated 21.5 million tonnes under the five auction windows.
The company said as demand for coal has increased, CIL registered a 16 per cent add-on over the notified price during April-May 2021, compared to 7 per cent during the same period last year.
CIL said the reserve price under all e-auction windows was kept at par with notified price during the first six months of the last fiscal.
Out of the total allocated coal volume, non-power sector accounted for 50 per cent of the booked quantity. This includes steel, iron and cement sectors.
