Coal India\u2019s (CIL) registered 87% growth in its e-auction net sales at Rs 4,700 crore in the first quarter of the current financial year on the back of a rise in international coal prices. <\/p>\n
The company registered e-auction sales of 30.2 million tonnes (MTs), during Q1 FY’22. Auction sales were down at 15.9 MTs, during pandemic slowdown, as of the first quarter of last fiscal, a company statement said. <\/p>\n
CIL\u2019s e-auction allocation at 35.5 MTs during April-July\u201921, under five auction categories, increased by nearly 8 million tonnes (MTs) registering a 28.6% over same period year ago, when the allocation stood at 27.6 MTs. <\/p>\n
“With international coal prices spiraling upwards with no signs of let up, consumer preference for domestic coal is seemingly gaining ground,” the statement said. <\/p>\n
The effect of ascending cost of coal sourced from overseas was evidenced in the country\u2019s coal importers booking 70% of the total quantity of 2.4 MTs offered to them under their special spot e-auction during April-July\u201921. The add-on over the notified price under this category was 52%, it said. <\/p>\n
For the month of July\u201921 almost all the quantity of 1.6 MTs offered to coal importers under exclusive special e-auction window was booked. <\/p>\n
Under exclusive auction for non-power consumers the allocation was 11.8 MTs during the first four months of the current fiscal logging around 69% growth. Last year same period 7 MTs was booked by them. <\/p>\n
Power Sector as well clocked 37.5% growth under special forward auction at 11 MTs during the referred period. Quantity booked by this sector same period last year was 8 MTs. <\/p>\n
For the month of July\u201921 CIL allocated a total volume of 8.3 MTs with a month-on-month rise of 2.5 MTs compared to 5.8 MTs of June\u201921. Auction bookings in a month grew by 43%. Compared to July of last year, the allocation was up 9%. <\/p>\n
Premiums over notified value are improving with revival in coal sales. Enhanced volume sales coupled with add-ons would lead to a positive impact on the company\u2019s bottom line, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Coal India\u2019s (CIL) registered 87% growth in its e-auction net sales at Rs 4,700 crore in the first quarter of the current financial year on the back of a rise in international coal prices. The company registered e-auction sales of 30.2 million tonnes (MTs), during Q1 FY’22. Auction sales were down at 15.9 MTs, during pandemic slowdown, as of the first quarter of last fiscal, a company statement said. CIL\u2019s e-auction allocation at 35.5 MTs during April-July\u201921, under five auction categories, increased by nearly 8 million tonnes (MTs) registering a 28.6% over same period year ago, when the allocation stood […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[131],"tags":[],"class_list":["post-430455","post","type-post","status-publish","format-standard","hentry","category-coal"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430455","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=430455"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430455\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}