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

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..