Coal India’s E-Auction Allocation up This Year
State-owned Coal India said its e-auction allocation stood at 35.5 million tonnes during April-July 2021 under five auction categories, registering a sharp 28.6 per cent increase over the same period a year ago. Its e-auction allocation was 27.6 million tonnes in the corresponding four months of the 2020-21 fiscal. Coal India Ltd’s actual e-auction net sales were worth over INR 4,700 crore during the first quarter of the ongoing fiscal, posting a jump of 87 per cent year-on-year.
The sale volume was 30.2 million tonnes in the June quarter this fiscal as against 15.9 million tonnes in the same period last year when the pandemic slowed down the sales. With international coal prices spiraling upwards with no signs of let up, consumer preference for domestic coal is seemingly gaining ground