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

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..