CIL gets 100% booking in first single-window e-auction

13 Mar 2022 CW Team

On Wednesday, Coal India Limited (CIL) said its first-ever offer of 5.2 lakh tonnes of coal under the newly revamped single-window e-auction received an impressive response from coal consumers as 100% of the offered quantity got booked.

After merging their earlier auction windows into one, CIL conducted an online auction in two of its subsidiaries.The entire quantity of 3.2 lakh tonnes offered by Northern Coalfields Limited was fully booked under the newly structured auction window on March 3rd, 2022.

CIL official told the media that in a similar way, around 1.98 lakh tonnes placed under the sole e-hammer by Eastern Coalfields Limited were ordered totally.

The Cabinet Committee on Economic Affairs (CCEA) had a meeting on February 26, where they approved the idea of one single spot e-auction window by coal companies for all consumers. This unique system will lead to uniform market-discovered prices for different grades of coal. Consumers from regulated and unregulated sectors as well as traders now have to contend under one common window when buying or selling this commodity.

CIL’s offer of e-auction coal is now mode agnostic, which means they will not specify the transportation method of coal. Earlier, the model for coal booked under different auctions used to be specified; with rail as the default mode and customers having the option to choose their preferred transport of rail or road.

Image Source

Also read: Coal India's operations aims to become net-zero in next 4 years

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..