E-commerce company MSTC has pushed a long-term coal supply contract auction by over a month

KOLKATA: Coal IndiaNSE 6.86 % Limited (CIL) has extended the deadlines for submission of documents by successful bidders for its recently concluded short-term supply contract auctions while state-run e-commerce company MSTCNSE -4.21 % has postponed a long-term coal supply contract auction scheduled for Friday by more than one month.

As a result, coal supplies to bidders are expected to get delayed by at least a month.

Both the auctions are for supplies to the power sector. Bidding for the long-term auction was postponed to April 16 after the Centre asked every public sector unit to work with fewer people at offices.

“The decision to postpone the long-term supply auction was taken prior to the declaration of the lockdown. We are keeping a close watch on the situation and may push it back further if necessary,” said SK Gupta, chairman, MSTC.