Author: rodolfostaples
Cabinet approves offering of coal by coal companies through a common e-auction window instead of sector specific auctions
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi, today approved the following:
i. Offering of all the non-linkage coal by coal companies through one e-auction window of CIL (CIL) / Singareni Collieries Company Limited (SCCL). This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.
ii. The above will be subject to CIL / SCCL meeting the coal ... Read more