Coal India to launch its own e-auction portal

20 Apr 2022 CW Team

Coal India Limited is all geared up to launch its individual e-auction portal. The mining major has already informed several new and existing bidders to register themselves on this new portal.

Currently, the e-auction portal is being managed by the state-owned MSTC Limited along with mjunction.

E-auction sales round-up for about 120 million tonne annually for the Coal India Limited, as for the rest it is sold via fuel supply agreements and the special sales windows.

The National Informatics Centre has developed Coal India’s dedicated e-auction portal; it is also supported by the CIL subsidiary, Central Mine Planning and Design Institute Ltd.

It is expected that the in-house coal e-auction will be commenced in the next six months. Once the auction happens with the volume they learn about the cost benefits of the e-auction portal.

The e-auction portal of Coal India is executed between the mjunction and MSTC in a 60:40 ratio.

Mjunction has said that it values Coal India's decision. They were the ones to design, develop, and introduce the e-auction 15 years ago. Even today they are continuing the same without any grievance.

The Centre further plans to introduce a coal exchange after receiving consumer feedback. Crisil had been appointed as a consultant for the proposed exchange. Furthermore, a report for the same is expected in the upcoming six to nine months.

Image Source

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..