In what could be regarded as an indicator of growing preference for domestic coal among buyers in India, the state-run miner—Coal India Limited (CIL)—has recorded a 32% jump in its E-auction sales during Q1 FY18.
During the period, CIL had sold 32.7 MnT through the E-auction route against 24.8 MnT in the Apr-Jun’17 period.
The coal major was heard to be emphasizing on E-auction to boost up its sales.
In FY17, CIL had sold 113.8 MnT of coal through E-auctions, and the state-run miner has earmarked 105 MnT of coal for E-auctioning in FY18.
The various types of E-auctions of CIL are: spot, forward and exclusive.
Leave a Reply