Coal India expects to increase e-auction volume twice in H2 FY2024
In FY22 it successfully auctioned a total of 95.9 million tonnes (MT) of coal through its e-auction platform surpassing the previous year's record of 77.4 MT.
Representational image
New Delhi: According to an estimation there is a posibility that India's largest Coal producer PSU, Coal India Limited to e-auction approximately 60 million tonnes of coal in second part of the current fiscal year.
This will leads a heavy increase in comparion with the first half which was 32 million tonnes.Coal india is aiming to sell 15 percent of its production in coming months via e-auctions it is also said by the Shri PM Prasad who is currently serving as the Coal India Chairman.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : IREDA Posts Strong Q1 Growth; Disbursements Jump 31%, Loan Book Rises 27%
Coal India Ltd (CIL) has achieved a remarkable 31% growth in despatch under the five e-auction windows, reaching an impressive 77.4 million tonnes (mt) during the period from April to December 2021. In FY22 it successfully auctioned a total of 95.9 million tonnes (MT) of coal through its e-auction platform surpassing the previous year's record of 77.4 MT.
Read Also : NLCIL Thermal Units bag Environment Excellence Gold award-Thermal Sector (2025)The company auctioned a total of 17 coal mines with a Peak Rated Capacity (PRC) of 51 MTPA during FY22 and achieved a record average revenue of Rs. 3,260 per tonne of coal sold through e-auctions in FY22.
Earlier the company has targeted to meet up the target 1 billion tonne output by financial year 2026, and it has to be seen that the company will rely in its target or not.
Read Also : SJVN Green Energy Achieves 501.02 MW COD in Bikaner Solar Project