Coal India Ltd has planned to sale 33 MnT of coal though Special forward e-auctions during the FY20, which is entitled especially for the power producers.
As per extant guidelines, CIL has envisaged allotment of 10% of its targeted production of 660 MnT in FY20 through e-auction, out of which half of the quantity is fixed for special forward e-auctions.
The coal company has floated a subsidiary-wise tentative schedule for coal to be offered in these auctions.
Special forward e-auctions permit power producers a longer validity period against the successful quantity won in the coal sale. Accordingly, BCCL, CCL, WCL and SECL have envisaged auction for a period of 3-months, while NCL and ECL have intended 6-monthly auction tenure.
In case of MCL, the company had already conducted a special forward e-auction for Apr’19-Sep’19 period on 30 Mar’19, wherein 2.7 MnT coal was offered of which 2.2 MnT was booked.
The subsequent auctions by MCL would be conducted for a 3-month period, offering 2.9 MnT coal each.
Highest coal quantities are to be offered from SECL, followed by MCL and NCL. While no special auction was scheduled for NECL in FY20.
Tentative Calendar for Special Forward E-Auction:
| Month | ECL | BCCL | CCL | NCL | WCL | SECL | MCL | Total |
| Apr’19 | 0 | 1.21 | 0 | 0 | 2.05 | 0 | 2.2 | 5.46 |
| May’19 | 0 | 0 | 2.6 | 1.2 | 0 | 0 | 0 | 3.8 |
| Jun’19 | 0 | 0 | 0 | 0 | 0 | 1.94 | 0 | 1.94 |
| Jul’19 | 0 | 0.29 | 0 | 0 | 0 | 0 | 0 | 0.29 |
| Aug’19 | 0 | 0 | 0.4 | 0 | 0 | 0 | 0 | 0.4 |
| Sep’19 | 1.5 | 0 | 0 | 0 | 0 | 1.92 | 2.9 | 6.32 |
| Oct’19 | 0 | 0.3 | 0.4 | 3.8 | 0.86 | 0 | 0 | 5.36 |
| Nov’19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dec’19 | 0 | 0 | 0 | 0 | 0 | 3.03 | 2.9 | 5.93 |
| Jan’20 | 0 | 0.3 | 0.45 | 0 | 0 | 0 | 0 | 0.75 |
| Feb’20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Mar’20 | 1.18 | 0 | 0 | 0 | 0 | 1.62 | 0 | 2.8 |
| Total | 2.68 | 2.1 | 3.85 | 5 | 2.91 | 8.51 | 8 | 33 |
Source: CIL
Quantity in MnT
Note: Quantity indicated for offer by the respective coal companies is tentative and may undergo changes.
CIL had previously floated a tentative calendar for coal sales through special forward e-auction in FY19, wherein 41.54 MnT was to be sold. However, the actual sales during the period was recorded at 27.14 MnT, falling 6% Y-o-Y from 28.93 MnT in FY18.
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