Coal India launches special category of e-auction for coal importers

Any coal buyer, who imported coal during the current and any of the last two financial years, is eligible for participating in this new version of e-auction, CIL said

Coal India (CIL) on Friday launched a special category of e-auction for importers of coal. This is in line with the government’s declaration to bring down coal imports to zero.

Any customer who imported coal during the current year and any of the last two financial years is eligible to participate in this, said the national coal miner.

The minimum bid quantity is pegged at 25,000 tonnes for companies that use road transportation. For those using the rail mode, it is 50,000 tonnes, which is equivalent to 12 rakes. One rake is equivalent to 59 rail wagons.

The company said customers can bid