Comments
State-owned Coal India allocated 24.87 million tonnes of dry fuel for the spot electronic auction (e-auction) during April-January, down by 8.19 per cent over the same period last year.
CIL had allocated 27.09 million tonne (mt) of coal in the year-ago period, according to the government data.
For January 2020, the coal allocation for the e-auction scheme fell to 3.62 mt from 4.83 mt in the corresponding month of 2019.
Coal distribution through e-auction was introduced to provide access to coal for such buyers which are not able to source the fuel through available institutional mechanism.
Single-window service
The purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single-window service.
CIL accounts for over 80 per cent of the domestic output. The coal allocation under spot e-auction scheme had declined 37.7 per cent to 34.34 mt in 2018-19.
The government had earlier asked the mining major to fast-track its ambitious one-billion tonne production target and achieve the goal by 2023-24.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.