Kolkata: Coal India (CIL) has recorded a threefold jump in e-auction in October 2020. The quantity of coal under e-auctions nearly tripled to 16.8 million tonnes (MT) in October, 2020, compared to 5.8 MT in October last year, on the back of a big push from power sector and other coal buyers. The steep growth of 190% or an increase of 11 MT, during the month, bodes well for CIL as it signals a strong demand resumption for coal after a Covid led hiatus.
\nAccording to a CIL official, volume booking in e-auctions for the first seven months of the ongoing fiscal ending October at 59 MT, increased by 28 MT translating into a growth of 90%. For a comparable period last year, CIL booked 31 MT. October\u201920 auction sales, in addition to the four prevailing windows, included a new auction outlet called special spot for coal importers, under which 1.6 MT of coal was booked.
\nCIL in a first, has introduced this category meant exclusively for coal importers to contain imports from abroad. \u201cThis opened an additional avenue for our coal companies to step up their sales,\u201d said a senior executive of the company. Coal that went through auction during October\u201920 fetched CIL 13% increase over the notified price. Special spot for coal importers chipped in 14% increase over the notified value.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kolkata: Coal India (CIL) has recorded a threefold jump in e-auction in October 2020. The quantity of coal under e-auctions nearly tripled to 16.8 million tonnes (MT) in October, 2020, compared to 5.8 MT in October last year, on the back of a big push from power sector and other coal buyers. The steep growth of 190% or an increase of 11 MT, during the month, bodes well for CIL as it signals a strong demand resumption for coal after a Covid led hiatus. According to a CIL official, volume booking in e-auctions for the first seven months of 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-382505","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\/382505","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=382505"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382505\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}