Amidst stagnant prices, Coal India to auction another 30 mt of coal in Q4

Coal consumers from the non-power sector have long been complaining about coal availability as most of this fossil fuel is being routed to feed the coal-starved thermal power plants

Coal India is expected to put another 25-30 million tonne (mt) of coal under the hammer in the ongoing fiscal quarter. This is after e-auction volumes dipped following the decision to pump in more coal to the power sector via fuel supply agreements.

The coal behemoth has been able to book 54 mt of coal via the e-auction route till December (first three fiscal quarters) as against 79 mt in the similar period of the last fiscal year, registering a 31.65 per cent dip. On the other hand, its offtake via the fuel supply agreement (FSA) route to power plants