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

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

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.

See also:
No coal mining licences issued by Meghalaya, HC told
Centre to hike import duties


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. See also: No coal mining licences issued by Meghalaya, HC toldCentre to hike import duties

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Infrastructure Urban

Delay Analysis in Construction Arbitration

In construction disputes, ‘delay analysis’ is essential for establishing the cause of delay, which in turn determines whether the contractor is entitled to an extension of time and associated costs or whether the employer is justified in imposing liquidated damages. This article enunciates various methods employed in the analysis of construction delays. It provides a detailed overview of the techniques used to identify, quantify and apportion delays among project stakeholders that are critical for the resolution of disputes pertaining to extension of time (EOT) and substantiation of EOT cl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?