Coal India likely to auction 30 million tonnes of coal in Jan-Mar quarter

The coal behemoth has been able to book 54 mt of coal via e-auction till December as against 79 mt in the similar period of the last fiscal year, registering a 31.65% dip

Coal India (CIL) is expected to put another 25-30 million tonnes (mt) of coal under the hammer in the ongoing quarter. 

This comes after e-auction volumes dipped following the decision to pump more coal into the coal-starved power sector through fuel-supply agreements (FSAs).

The coal behemoth has been able to book 54 mt of coal through e-auction till December (first three quarters) as against 79 mt in the similar period of the last fiscal year, registering a 31.65 per cent dip.

On the other hand, its offtake via the FSA route to power plants increased by over 12 per cent. “We have signed