CIL targets 50 MT e-auction coal sales in 2nd half of fiscal

18 Nov 2022 CW Team

Coal India is targeting sales of 50 million tonnes through e-auction in the second half of the current fiscal, the company’s chairman said. The state-owned coal behemoth had sold around 30 MT via e-auction in the first six months of the 2022-23 financial year.

"We are targeting another 50 MT in e-auction sales for the year," CIL chairman Pramod Agrawal said on the sidelines of the Global Mining Summit 2022organised by the Confederation of Indian Industries (CII).

Coal India's sales were at 108 MT in 2021-22. In the July-September quarter of the current fiscal, the miner had sold 10.36 MT of coal, and the average realisation was Rs 6,061 per tonne.

The Maharatna Public Sector Undertaking sold 141 MT of the fuel through the fuel supply agreement in the three months that ended on September 30, 2022 with an average realisation of Rs 1,413 per tonne.

During the programme, Agrawal said the Kolkata-headquartered company has been focused on evacuation and sustainability. Production will not be a problem but evacuation will be a challenge, he said.

“The company is investing heavily in first-mile connectivity and mechanised evacuation. In the next three-four years, most of the evacuation exercise will be mechanised,” Agrawal said, adding that the mining sector is critical to the country's growth.

Real Estate

13 Feb 2026

Reliance MET City Launches Metropolis Project In Haryana

Reliance MET City (RMC) has launched Metropolis, an integrated mixed-use project in Haryana that is expected to redefine the regional urban landscape. RMC said the development will combine residential, commercial and leisure components to meet rising demand for organised urban spaces. The project has been positioned to benefit from existing and planned transport links and municipal infrastructure, and aligns with regional plans for sustainable urbanisation. Company representatives framed the initiative as part of a broader expansion strategy in northern India. The Metropolis project will inco..

Radiance Renewables Raises 100 Million Dollars for Expansion

Eversource-backed Radiance Renewables has secured 100 million dollars (100 mn dollars) in funding from Impact Fund Denmark and FMO to support its expansion. The investment will bolster the company's capital base and enable acceleration of project development and deployment. Radiance Renewables is positioning itself to scale its renewable energy portfolio and strengthen operational capabilities. The funding round reflects growing investor appetite for climate-focused infrastructure. Impact Fund Denmark and FMO are established impact investors that channel capital into sustainable energy projec..

Temasek-led Consortium in Talks for Rs 15 bn Pre-IPO Round

A Temasek-led consortium is in advanced talks to invest Rs 15 billion (Rs 15 bn) in Clean Max Enviro Energy in a pre-initial public offering funding round, according to people familiar with the matter. The prospective financing is intended to provide capital for operational expansion and to strengthen the company's balance sheet ahead of a planned public listing. The discussions reflect continued investor appetite for renewable energy platforms in the region. Clean Max Enviro Energy is a renewable energy developer that provides sustainable power solutions to commercial and industrial customer..