Coal India’s fuel allocation through spot e-auction rises 43 per cent in 2020-21

Coal India Limited (CIL) has allocated 42.51 mt of coal in 2020-21 under spot e-auction scheme, registering a year-on-year increase of 42.5 per cent as compared to 29.83 mt of the dry fuel in 2019-20.

Fuel allocation by CIL under the scheme also increased to 5.30 mt in March 2021, from over 2.53 mt in March 2020. The coal distribution through e-auction was introduced with a view to providing access to coal for such buyers who are not able to source the dry fuel through the available institutional mechanism. The purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single window service.