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 Urban

30 Jul 2026

Centre Clears Power Distribution Upgrade for Uttar Pradesh

The Central Government has approved power distribution projects worth Rs 407.39 billion for Uttar Pradesh under the Revamped Distribution Sector Scheme (RDSS). The investment will be used to modernise the state's electricity distribution infrastructure and strengthen network capacity across urban and rural areas. The package targets one of the country's largest distribution networks as the state experiences rapid urbanisation and rising electricity consumption. Planned interventions include the strengthening of distribution lines, modernisation of substations, replacement of ageing electrical ..

India Data Centres To Consume 191 TWh By 2040 Driving Renewables

A Wood Mackenzie report says India's operational data centre capacity is projected to increase more than fivefold to 12 gigawatt (GW) by 2030 from 2.2 GW in 2025 as artificial intelligence (AI) and cloud computing drive demand. It projects electricity consumption to rise from 10 terawatt-hour (TWh) in 2025 to 191 TWh by 2040. The study forecasts a compound annual growth rate of around 40 per cent and notes AI-dedicated capacity will surge nearly 24-fold from 275 megawatt (MW) in 2025 to 6,546 MW by 2030. The report places India's digital economy at Rs 32 trillion (tn) in 2025 and says it contr..

Hydrogen Train Completes 1,200 Kilometres Of Trials

India's first hydrogen train was flagged off between Jind and Sonipat on July 17 and has travelled over 1,200 kilometres in trials, saving diesel consumption of more than 3,200 litres, a Railway Ministry press release said. The deployment marks the introduction of a zero-emission fuel cell train into route testing and represents a milestone in domestic rail innovation. The train generates electricity onboard through a chemical reaction between hydrogen and oxygen, producing electricity to propel the vehicle while emitting only water vapour as a by-product. There is no smoke and no tailpipe car..