Coal India sees 65% spike in e-auction bookings at 41 mn tonnes

The special categort e-auction launched in July is part of the company's efforts to bring down coal imports

State-owned miner Coal India Limited (CIL) witnessed a 65 per cent increase in the coal booked through the e-auction mode.  

CIL booked 41.4 million tonne of raw coal in the four rounds of e-auctions that it held during the April-September 2020 period compared to 25.1 MT in the corresponding period last fiscal. 

The company in a statement said this is part of ongoing efforts to bring down import of coal. 

Apart from long-term fuel supply agreements that CIL has with power plants and several non-power companies, it also periodically holds e-auction of coal for several industries. 

In July, CIL launched