Coal India Limited (CIL) is heard to conduct Special E-auction of coal for several sectors, including power from tomorrow. The E-auction will span four days, viz. 20,21,24,25 of Oct’16.
CIL has offered 20 MnT for the E-auction, and the validity period for lifting coal against the auction will be upto Mar’17.
For the non-power sectors, the reserve price will be 20% over the notified price. Besides, the minimum bidding quantity is fixed at 50 ton, and multiple bids will be corresponding multiples of 50 ton. And in case of rail upliftment, the minimum bidding quantity will be one rake, and multiple bidding will be multiples of one rake. The rake size will conform to the extant railway rules, and the quantity per rake has been intimated in the notice of the E-auction by the participating coal companies.
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