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

Real Estate

06 Feb 2026

IGBC Green Karnataka Summit 2026 Highlights State’s Green Leadership

The CII Indian Green Building Council (IGBC) hosted the first IGBC Green Karnataka Summit 2026 in Bengaluru, bringing together government leaders, urban planners, developers, architects and industry stakeholders to deliberate on “Advancing Sustainability vis-à-vis Climate Resilience in Urban Built Karnataka”.Karnataka currently has 1,539 registered green building projects accounting for a cumulative 1.13 billion sq ft of certified green building footprint, ranking third in India by number of buildings adopting IGBC Green Building Ratings. The summit reinforced a collective shift from inte..

MIC Electronics Bags First PAPIS Order from RCF Kapurthala

MIC Electronics has received a Letter of Acceptance (LoA) from Rail Coach Factory (RCF), Kapurthala, for its first order in the Passenger Announcement and Passenger Information System (PAPIS) segment, marking a new addition to the company’s railway electronics portfolio.The order was awarded following successful evaluation of the company’s bid by the competent authority. MIC Electronics said the scope of work will be executed in line with the agreed rate structure, delivery schedules, inspection requirements, warranty provisions and other standard terms and conditions prescribed by RCF.Com..

Prozo Opens 1.5 Lakh Sq Ft Multi-Client Fulfilment Hub

Prozo has launched its largest multi-client fulfilment hub, a 1.5 lakh sq ft enterprise-grade facility at Horizon Industrial Parks, Gurugram, Haryana, strengthening its expanding national warehousing network. The new site is Prozo’s sixth multi-client facility in Haryana and eleventh in Northern India, within a network of over 50 fulfilment centres spanning 3 million sq ft.Designed as a model warehouse for North India, the facility combines high-specification infrastructure with Prozo’s proprietary technology stack to support complex and high-volume operations for enterprise, retail and D2..