State-run, Coal India Limited (CIL) will conduct next round of coal linkage auction for the non-regulated sector—comprising of sponge iron, cement and captive power plants—by Dec’17 or early Jan’18.
Out of the more than 50 MnT of coal earmarked for the non-regulated sector for this fiscal, CIL will auction coal linkages of around 25 MnT.
CIL had conducted the first round of auction of coal linkages for the non-regulated sector during the Jun-Oct’16 period. In that round of auction, 22.14 MnT was booked. The second round was held during Jan-Jun’17, in which 14.76 MnT was booked.
The third tranche of coal linkage auction is currently ongoing, with auction for cement sub-sector being completed on 1st Sep’17. While, auction for Others sub-sector under non-regulated sector is scheduled during 14-18 Sep’17.
The Cabinet Committee of Economic Affairs had approved the proposal for coal supply to the non-regulated sector through auctions, to ensure a transparent mechanism of coal linkages based on competitive bidding.
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