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

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..