Coal India’s coal allocation under spot e-auction scheme has declined by 37.7 per cent to 34.34 million tonnes in the last fiscal (2018-19). The company had allocated 55.17 million tonnes (MT) of coal in FY 2018.
The company’s coal distribution through e-auction was introduced with a view to provide access to coal for such buyers who are not able to source the dry fuel through the available institutional mechanism.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.