Coal India is likely to e-auction approximately 60 million tonnes of coal in the second half of the current fiscal year, according to estimates indicated by the management.
This represents a significant increase from the 32 million tonnes sold in the first two quarters of the year, officials said.
Coal India informed analysts that it aims to sell 15 per cent of its production in the second half of the current fiscal (September 2023-March 2024) through e-auctions, which currently command a premium of around 90 per cent over the Fuel Supply Agreement (FSA) price.
