Weak demand from power sector pushes up CIL's e-auction of coal

| | New Delhi
  • 0

Weak demand from power sector pushes up CIL's e-auction of coal

Sunday, 25 October 2020 | IANS | New Delhi

With weak demand from the power sector in the wake of Covid-19 disruptions, the country's largest coal producer Coal India Ltd shifted its attention to the non-power sector to see around six-fold increase in the sales of the dry fuel.

In the first half of the current fiscal (FY21), CIL's fuel allocation under the exclusive e-auction scheme for the non-power sector rose close to six times at 13.44 million tonnes as against a mere 2.31 million tonne during the same period of previous year.

Lockdown in various parts of the country and continuing sluggish economic conditions dried up demand for the dry fuel pushing CIL to explore new avenues for growth.

The government had earlier asked state-run power companies such as NTPC to reduce coal imports needed for blending purpose and look more at the domestic sources.

The CIL has also set up various washeries to supply good quality coal that could replace imports.              

Sunday Edition

Food Freak | Lobsters Take Centre Stage at Grappa Pop-Up

24 November 2024 | Pawan Soni | Agenda

A Cozy Escape

24 November 2024 | Abhi Singhal | Agenda

Reviving Telangana’s Culinary Heritage

24 November 2024 | Sharmila Chand | Agenda

The art and spirit of cake mixing

24 November 2024 | Team Viva | Agenda

LUXURY CONVERGE AT HONG KONG

24 November 2024 | AKANKSHA DEAN | Agenda

Discovering the World’s True Essence

24 November 2024 | RUPALI DEAN | Agenda