CIL offered 160.5 mt till Feb under e-auction of coal
COAL & MINING

CIL offered 160.5 mt till Feb under e-auction of coal

Coal India Limited (CIL) which is an Indian coal mining and refining corporation owned by the government offered a quantity of 160.5 million tonne (mt) till February 22 under several windows of online-auction, out of which only a quantity of 100.1 mt is allocated.

CIL has not ceased conducting e-auction for any of the periods in this financial year. The power plants do not have a shortage of coal. Power plants are equipped with coal stock of 26.398 mt, as of 8 March 2022.

Furthermore, CIL has a pit-head stock of about 45 mt and daily production of 2.5 mt. A few power plants are not able to set up sufficient coal stock because of payment issues.

CIL said its first-ever offer of 5.2 lakh tonnes of coal under the newly updated single-window e-auction received an outstanding response from coal consumers as 100% of the offered quantity got booked.

After merging their earlier auction windows into one, Coal India conducted an online auction in two of its subsidiaries.

Image Source

Also read: CIL gets 100% booking in first single-window e-auction

Coal India Limited (CIL) which is an Indian coal mining and refining corporation owned by the government offered a quantity of 160.5 million tonne (mt) till February 22 under several windows of online-auction, out of which only a quantity of 100.1 mt is allocated. CIL has not ceased conducting e-auction for any of the periods in this financial year. The power plants do not have a shortage of coal. Power plants are equipped with coal stock of 26.398 mt, as of 8 March 2022. Furthermore, CIL has a pit-head stock of about 45 mt and daily production of 2.5 mt. A few power plants are not able to set up sufficient coal stock because of payment issues. CIL said its first-ever offer of 5.2 lakh tonnes of coal under the newly updated single-window e-auction received an outstanding response from coal consumers as 100% of the offered quantity got booked. After merging their earlier auction windows into one, Coal India conducted an online auction in two of its subsidiaries. Image Source Also read: CIL gets 100% booking in first single-window e-auction

Next Story
Infrastructure Transport

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Next Story
Infrastructure Urban

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Next Story
Infrastructure Transport

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000