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

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..