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Economy

Coal allocation for spot e-auction declines by 8% in April-January

PTI New Delhi | Updated on February 21, 2020 Published on February 21, 2020

state-owned coal india allocated 24.87 million tonnes of dry fuel for the spot electronic auction (e-auction) during april-january, down by 8.19 per cent over the same period last year.

cil had allocated 27.09 million tonne (mt) of coal in the year-ago period, according to the government data.

最新棋牌红包扫雷for january 2020, the coal allocation for the e-auction scheme fell to 3.62 mt from 4.83 mt in the corresponding month of 2019.

最新棋牌红包扫雷coal distribution through e-auction was introduced to provide access to coal for such buyers which are not able to source the fuel through available institutional mechanism.

Single-window service

the purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single-window service.

最新棋牌红包扫雷cil accounts for over 80 per cent of the domestic output. the coal allocation under spot e-auction scheme had declined 37.7 per cent to 34.34 mt in 2018-19.

the government had earlier asked the mining major to fast-track its ambitious one-billion tonne production target and achieve the goal by 2023-24.

Published on February 21, 2020
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