Millennium Post

Coal India draws up Special Forward e-auction calendar for 2018-19

New Delhi: In yet another step in reaching out to its consumers, Coal India Limited (CIL) has announced a Special Forward e-auction calendar for 2018-19 facilitating the Power Plants to systematically plan the lifting of the coal requirement for the fiscal 2018-19.
"This special forward e-auction is not only transparent but helps the stressed power plants not having regular linkages or having constraints in sourcing the coal or to operate the plant at higher PLF" said an official of the company.
The Maharatna coal mining PSU would be putting out on the block a little over 45 Million Tonnes of coal under the Special Forward auction. All the coal producing subsidiary companies of CIL have uploaded the month wise source-wise quantity of coal they would be putting up for the sale under the special forward auction right upto March 2019.
"The power producers, particularly the IPPs, can now plan much in advance their coal requirement source wise, grade wise, size wise, quantity wise and mode wise as the company has indicated the availability right in the beginning of the fiscal itself," added the official.
With this move of CIL, the power producers could also plan their operational logistics suiting to their coal requirement.
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