Coal India amends policy, allows export of fuel bought via e-auction

Company execs say move would increase volume of trade on CIL's e-auction platform

National miner Coal India ltd (CIL), has allowed its buyers from e-auction route to export the coal. CIL has tweaked its e-auction coal sale policy and has lifted the embargo on exporting coal procured through spot e-auction and special spot e-auction outlets

Company executives said the move would increase the volume of trade on their e-auction platform.

The existing clause ‘coal procured under e-auction is for use within the country and not for export’ has now been amended, opening the door for export of the dry fuel in two auction categories, said a statement by CIL.  

CIL said this is