State-owned CIL today announced one-time offer of 20 million tonnes of coal under special spot e-auction in the ongoing fiscal.
"...One time offer of 20 MT Coal under Special Spot e-auction 2016-17," Coal India (CIL) said in a filing to BSE.
It added: "The relevant modalities, coal company-wise tentative offer, registration modalities, schedule dates of the auction and other details will be available on the website of...Subsidiary coal companies of CIL and those of Service providers viz. MSTC Ltd and Mjunction Services Ltd from September 28, 2016."
The Coal Ministry had earlier said that power producers being supplied coal through the MoU route by CIL will have to take it via special e-auction being conducted for the power sector.
CIL, a major supplier of coal to the power sector, is eyeing 1 billion tonne production by 2020.
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