New Delhi: State-owned CIL NSE -4.76 % allocated 25.78 million tonnes (MT) of coal in the first eight months of this fiscal under spot e-auction scheme, registering a year-on-year increase of 59.4 per cent. Coal India NSE 0.49 % Ltd (CIL) had allocated 16.17 MT of coal in the April-November period of the previous fiscal, according to government data.
Fuel allocation by CIL under the scheme also increased to 4.09 MT in November, from over 3.58 MT in the corresponding month of 2019.
Coal distribution through e-auction was introduced to provide access to coal for such buyers who are not able to source the dry fuel through the available institutional mechanism, according to CIL’s website.
