Coal India’s coal allocation to power sector under e-auction drops 23% in Apr-Nov
3rd Jan 2020

Coal India has allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of 2019-20, down 22.6 per cent over the year-ago period. The company had allocated 21.91 MT of coal in the April-November period of 2018-19.

However, the coal allocation by the PSU under the scheme increased to 4.05 MT in November, 2019, over 1.53 MT in November 2018. The special forward e-auction scheme is aimed at making an earmarked quantity of coal available for supply through e-auction to all power producers.

The company accounts for over 80 percent of domestic coal output. The state-owned firm had earlier said that it will produce 750 million tonnes of coal in the next financial year. The firm will further produce 1 billion tonnes of coal by FY2024.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.