Coal e-auction booking may be at all-time high

11 Jan 2021 CW Team

Mining major Coal India Ltd (CIL) may close the current fiscal, booking 120 mt coal for e-auction, the highest ever since coal sales began through the auction process. This is nearly twice the 66 mt bookings made for e-auction in the last fiscal year, surpassing the company's earlier estimates of e-auction booking for the current fiscal.

CIL reported that the company booked 13.1 mt for e-auction during December, this fiscal.

CIL booked around 11% of its total production at 602 mt, for e-auction in 2019-2020.

According to the company, CIL's efforts to book increased volumes of coal under e-auction paid off in boosting sales revenue. During the April-December period, the Covid-induced pandemic add-ons over the notified price were narrowed down, helping the company secure a strong 76.2% volume growth.

The mining company displayed a robust 35.2 mt volume expansion by booking 81.4 mt coal under five auction windows progressively up to December, compared to the 46.2 mt it booked the same period a year ago. A special spot auction was introduced by CIL for coal importers, in October of the current fiscal year, under which it had already booked 7.3 mt in three months.

For December, CIL allocated 13.1 mt of coal surging ahead with 72% growth compared to the 7.6 mt booked during December last fiscal. Premium earned over the notified price was 25%. During December in the current fiscal year, there was a significant increase in bookings from the power sector under special forward auction at 5.1 mt compared to 0.5 mt the same month a year ago. The December booking from the power sector this fiscal bagged a premium of 12%.

Image Source

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..