Coal India auction to non-power sector increases sharply: Report

1 month ago

Coal India had temporarily paused auctions of coal to non-power customers and reduced contracted supplies in October

Coal India | Power Sector | coal sector

Reuters  |  NEW DELHI 

CIL's corporate headquarters in Kolkata

CIL's corporate headquarters in Kolkata

tate-run Coal India auctioned 3.2 million tonnes of coal exclusively for the non-power sector in November, a senior company official said, more than five times the volume auctioned a year earlier and about eight times the allocation in September.

Coal India had temporarily paused auctions of coal to non-power customers and reduced contracted supplies in October, as it prioritised supplying Indian utilities which were battling the worst coal shortage in years.

The average price in the auctions in November was higher than a year earlier and the previous exclusive auctions for non-power consumers such as aluminium smelters and cement manufacturers held in September, the official said.

The official declined to be named as he was not authorised to speak to the media on the issue.

Non-power consumers account for about a quarter of India's total coal consumption. India produces over 70% of its electricity using coal, and Coal India accounts for over four-fifths of the country's output.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, December 03 2021. 16:18 IST

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