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Coal India allocates 42.51 MT coal in FY21 through spot e-auction

Fuel allocation by the company under the scheme also increased to 5.30 MT in March

Coal India has allocated 42.51 million tonne (MT) of coal in FY2020-21 under spot e-auction scheme, registering a year-on-year increase of 42.5 per cent. Fuel allocation by the company under the scheme also increased to 5.30 MT in March, from over 2.53 2 MT in the corresponding month of 2019-20. The purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single window service.

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.