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

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

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

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

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?