CIL's coal allocation under spot e-auction scheme drops 7% in April-June

The purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single window service

CIL's coal allocation under spot e-auction scheme registered 7.1 per cent decline to 6.89 million tonne in April-June this fiscal, in the wake of slump in fuel demand due to Covid-19 induced lockdown.

Coal India Ltd (CIL) had allocated 7.42 million tonne (MT) of coal in the year-ago period, according to government data.

However, the coal allocated by the PSU in June increased to 3.68 MT, compared to 2.07 MT in the corresponding month of 2019-20, it said.

Coal distribution through e-auction was introduced with a view to provide access to coal for such buyers who are not able to