CIL offered 160.5 mt till Feb under e-auction of coal
COAL & MINING

CIL offered 160.5 mt till Feb under e-auction of coal

Coal India Limited (CIL) which is an Indian coal mining and refining corporation owned by the government offered a quantity of 160.5 million tonne (mt) till February 22 under several windows of online-auction, out of which only a quantity of 100.1 mt is allocated.

CIL has not ceased conducting e-auction for any of the periods in this financial year. The power plants do not have a shortage of coal. Power plants are equipped with coal stock of 26.398 mt, as of 8 March 2022.

Furthermore, CIL has a pit-head stock of about 45 mt and daily production of 2.5 mt. A few power plants are not able to set up sufficient coal stock because of payment issues.

CIL said its first-ever offer of 5.2 lakh tonnes of coal under the newly updated single-window e-auction received an outstanding response from coal consumers as 100% of the offered quantity got booked.

After merging their earlier auction windows into one, Coal India conducted an online auction in two of its subsidiaries.

Image Source

Also read: CIL gets 100% booking in first single-window e-auction

Coal India Limited (CIL) which is an Indian coal mining and refining corporation owned by the government offered a quantity of 160.5 million tonne (mt) till February 22 under several windows of online-auction, out of which only a quantity of 100.1 mt is allocated. CIL has not ceased conducting e-auction for any of the periods in this financial year. The power plants do not have a shortage of coal. Power plants are equipped with coal stock of 26.398 mt, as of 8 March 2022. Furthermore, CIL has a pit-head stock of about 45 mt and daily production of 2.5 mt. A few power plants are not able to set up sufficient coal stock because of payment issues. CIL said its first-ever offer of 5.2 lakh tonnes of coal under the newly updated single-window e-auction received an outstanding response from coal consumers as 100% of the offered quantity got booked. After merging their earlier auction windows into one, Coal India conducted an online auction in two of its subsidiaries. Image Source Also read: CIL gets 100% booking in first single-window e-auction

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code