CIL introduces special spot e-auction scheme to reduce dependence on imports

Coal India Limited (CIL) has introduced a special spot e-auction scheme for importers to boost sales and reduce India’s dependence on imports.

Buyers including traders who imported coal after March 2018 are eligible for bidding under the scheme. In addition, CIL will soon notify the e-auction events for the period August 2020 to March 2021 under the scheme and coal companies will draw specific programmes for e-auctions. Further, CIL is in talks with sponge iron, cement, and captive power plants for offering coal on import substitution basis.

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