Coal India Headquater (PSU Connect)
New Delhi: The State-owned Coal India Ltd's fuel allocation under the exclusive e-auction scheme for the non-power sector rose almost six-folds to 13.44 million tonnes (MT) in April-September this fiscal.
According to the latest government data, Coal India Ltd (CIL) had allocated 2.31 MT of dry fuel to the sector under the scheme in the corresponding period of the previous fiscal. this immense growth comes amid CIL looking to tap the non-power sector to consume its coal.
The data also showed that ther is no allocation of coal by PSU under this sceheme in FY19. The centre also asked some companies including NTPC, Tata Power, Reliance Power, to reduce the import of dry fuel for blending purposes and replace it with domestic coal and pushing them towards demanding for dry fuel.
Targeting the thermal coal import substitution particularly when a huge coal stock inventory is available in the country this year, said by PM Earlier. There is need to be take several relief measures for CIL consumers, including the power sector to give a boost to coal demand. The ministry had also approved relaxation in quantity of coal for linkage consumers. CIL accounts for over 80 per cent of domestic coal output.
Posted Date : 24-10-20
Categories : PSU NEWS