Coal India Limited (CIL) allocated 6.65 million tonnes (MT) of coal in the April-June period of the last financial year, as per the data of the Minister of Coal. Coal allocation by the Maharatna firm under the scheme decreased to 0.64 MT last month from 0.88 MT in June 2019.
New Delhi (Natural Energy News): According to government data, the state government's allocation of coal to CIL under the e-auction, especially for the power sector, fell by 28.7 per cent in the first quarter to 4.74 million tonnes.
Coal India Limited (CIL) allocated 6.65 million tonnes (MT) of coal in the April-June period of the last financial year, as per the data of the Minister of Coal. Coal allocation by the Maharatna firm under the scheme decreased from 0.64 MT in the previous month to 0.88 MT in June 2019.
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The purpose of coal distribution through e-auction is to provide access to coal for consumers who desire a guaranteed supply over a longer period, say a year, through the e-auction mode to plan their operations. Can be made.
The objective of the scheme is to provide equal opportunity to all interested coal consumers to purchase coal at a price fixed by them through single window services and through an online bidding process.
Coal India Limited is among the largest producer of coal to the power sector.
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The PSU, which is already reeling under the impact of the COVID-19 crisis that has affected coal demand and supply, recently said that the situation will remain uncertain in July-September as some states resort to fresh lockdown Have been.
The state-owned miners produced 18.05 metric tons of coal from July 1 to 16 against the production of 19.61 metric tons in the same period last year.
Coal production in some major mines is still affected due to high coal stock and low bandh.
The pitched stock of CIL was 72.88 MT on 16 July as compared to 33.17 MT in the same period last year.
Related Article: CIL's coal supply in the electricity sector fell from 21 PC to 93.5 MT in the April-June quarter.
Coal India, which accounts for over 80 per cent of domestic coal production, is eyeing 710 metric tonnes of coal production in 2020-21.
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