Tag: EMD amount

Coal India reduces EMD amount for e-auctions to facilitate increased participation

Jul 6, 2024

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by

Nishtha Mukherjee

in Non Coking

Coal India Limited (CIL) has decided to reduce the Earnest Money Deposit (EMD) for its single window mode agnostic e-auction to encourage broader participation. This decision was made during the 343rd Committee of Functional Directors (CFDs) meeting on 25 June 2024 at CIL headquarters in Kolkata. Historically, the EMD was set at INR 200/t and…