Web Exclusive | February 2017
Coal India close to achieving e-auction target for FY17
Coal India has almost achieved its e-auction target for the current fiscal, and is looking at offering additional supplies. On offer is an additional 5 million tonnes which company officials think would be lapped up as its prices would be far lower than the international prices and it would offer a long-term assured contract which could be extended to 25 years. This would make it 118 million tonnes against a target of 120 million tonnes. “We are now looking at offering additional volumes depending on the demand and stock positions at various coalfields,” a senior Coal India official said.