An interactive session was organised by CCl, S&M Department today with the consumers like Sponge Iron companies, Cement companies, Steel Plants, Captive Power Plants etc to appraise them about the new scheme launched by Coal India ltd. offering coal linkage through Auction Mode for non regulated sector. The consumers were appraised with the policy guideline and the methodology to be followed for the auction of coal linkage.
CCl informed the consumers that the CIl will allocate/ earmark coal from suitable source by RAIl/ ROAD mode within a subsidiary, as deemed fit. Also, the CIl shall chalk out annual/ 6 monthly calendar and there will be an initial reserve price and auction will be conducted on this reserve price. The methodology for auction will be Non-Discriminatory Ascending Clock Auction.
The consumers were informed that they are required to get them registered with the service provider i.e. MSTC & they were also informed that related information is available in website.
The consumers also raised certain questions for clarification which were duly deliberated upon in the interactive session. Meeting was attended by D.K. Ghosh, Director (Finance), CCl, officials of S&M Department & the consumers including representative of Jharkhand Small Industries Association.