Coal India to end this fiscal with highest-ever quantity of auctioned coal

Increased volumes of coal under e-auction have also bolstered the sales revenue of CIL

Coal India Limited (CIL) will close the current fiscal with 120 million tonnes of coal offered under the e-auction mode – the highest ever amount auctioned by the company.

The miner registered an annual growth of 76.2 per cent during April-December 2020 in the sale of coal under the auction mode. CIL booked 81.4 million tonnes of coal under the five auctions it held till December. This was an additional volume expansion of 35.2 million tonnes over the same period last year.

Apart from long-term fuel supply agreements that CIL has with power plants and several non-power companies, it also