Coal India to tweak e-auction norms to ease process

Coal India Ltd (CIL) is planning to revamp its coal auction and allocation methodology under its electronic window system. The changes under discussion include capping auction window to three hours, not charging premium for changing bidders' mode of transport to road from rail, allowing a bidder to place a maximum of four bids against each basket against one bid earlier.

A concept note on the same was circulated to e-auction bidders on July 11 for feedback, the company said on Friday.

Reserve price in e-auction comes at a premium over notified price. Generally, coal is supplied to consumers at notified prices.


Separately, Coal India has asked all its subsidiary companies, except Northern Coalfields, to up their offered quantity under e-auction to 40% of their respective total production for the second and third quarters of FY25.

The company said it has already taken steps to ease the norms in e-auctions, like lowering the earnest money deposit and ramping up the quantities offered under the auction hammer.