The government has proposed that state-owned miner Coal India Ltd. (CIL) conduct a single spot auction for power, non-power and coal importers for trading on one exchange instead of the special e-auctions held for various consumers by CIL. In a separate proposal, the government is set to allow CIL to export surplus production that can’t be domestically consumed by creating a special e-auction window. Apart from sales through fuel supply agreements (FSAs), CIL auctions about 25% of production annually for end-users in different sectors.
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