Coal India's e-auction sales up 52% YoY in April-May, as demand rises

Firm posts 16% add-on over notified price during April-May 2021 versus 7% in same period last year

National miner Coal India Ltd (CIL) has witnessed a 52.5 per cent increase in its e-auction coal sales, in the first two months of the current fiscal year, over corresponding period a year before.

In a public statement, CIL said it allocated 21.5 million tonnes under the five auction windows.

The company said as demand for coal has increased, CIL registered a 16 per cent add-on over the notified price during April-May 2021, compared to 7 per cent during the same period last year.

CIL said the reserve price under all e-auction windows was kept at par with notified price