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

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..