Kolkata: Coal India\u2019s (CIL) total coal allocation under its four e-auction windows logged a robust 65% rise during the first half of the ongoing fiscal over last years same period. Last year\u2019s coal import trend revealed that 40% of coal imports were by traders. According to officials, CIL decided to give more thrust in auction sales which resulted in higher volumes. This is also in line with government\u2019s push on \u2018Atma Nirbhar\u2019 in the energy sector.
\nCIL booked 41.4 Million Tonne (MTs) raw coal in e-auctions during April-September\u201920 compared to 25.1 MTs booked in the corresponding period last fiscal. The increase in volume terms was 16.3 MTs. With the industrial and commercial activity reviving post unlock, CIL is hopeful that the demand sustains and the sales would boost soon. With no dearth of coal the company is confident of meeting the increased demand.
\n\u201cEven with the pandemic slowdown CIL could net 10% average premium over notified value in the first six months of the current fiscal compared to 48% of same period year, but the aim was to increase volume supplies\u201d said a senior official of the company.
\n\u201cWe anticipated the liquidity crunch that covid would bring to our customers and brought down the reserve price close to zero to help them lift more coal during the lockdown phase,\u201d he added.
\nIn two tranches of three months each, CIL kept down its reserve price beginning April till September.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kolkata: Coal India\u2019s (CIL) total coal allocation under its four e-auction windows logged a robust 65% rise during the first half of the ongoing fiscal over last years same period. Last year\u2019s coal import trend revealed that 40% of coal imports were by traders. According to officials, CIL decided to give more thrust in auction sales which resulted in higher volumes. This is also in line with government\u2019s push on \u2018Atma Nirbhar\u2019 in the energy sector. CIL booked 41.4 Million Tonne (MTs) raw coal in e-auctions during April-September\u201920 compared to 25.1 MTs booked in the corresponding period last fiscal. The […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222,130,137],"tags":[],"class_list":["post-378291","post","type-post","status-publish","format-standard","hentry","category-coal-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=378291"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378291\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}