CIL notes 28% decline in coal allocation held via e-auction in April

27 May 2021 CW Team

India’s largest coal producer, Coal India Ltd (CIL), witnessed a 27.9% drop in its coal allocation to the power sector via forward e-auction in April as allocation stood at 2.19 million tonne (mt), compared to 3.04 mt in the same period last year.

Despite this, the allocation by public sector undertaking (PSU) under the scheme has currently jumped to 39.33 mt from 27.12 mt the previous year.

The coal distribution targets long term consumers that require coal for a year or so and provide them access to coal through e-auctions.

The scheme provides equal opportunities in purchasing coal to all the consumers through single window services at a price defined by themselves through online bidding.

The process of forward e-auction enables nationwide customers to purchase from various choices through online booking and helps them buy dry fuel through a consumer-friendly market.

Coal India Ltd is currently a leading supplier of coal in the country. CIL, which produces 80% of domestic coal output, targets a fuel output of 1 billion tonne by the fiscal year 2024.

Coal Minister Pralhad Joshi earlier stated the company will invest over Rs 1.22 lakh crore in projects like -- coal evacuation, exploration and clean coal.

Image Source

Also read: Coal mine auctions: Commercial tranche 2 gains traction

Also read: Coal India’s fuel allocation via spot e-auction surges 43% in FY21

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..