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‘Coal e-auction rose 29% in 2015-16’

Increase in coal quantity allocated in 2015-16 through e-auction was about 29 per cent, says Piyush Goyal

Policy Pulse
Publish Date: Aug 9 2016 4:21PM | Updated Date: Aug 9 2016 4:21PM

‘Coal e-auction rose 29% in 2015-16’

 The government has said on Tuesday that coal allocation via e-auction rose by 29 percent in 2015-16, fetching 33 percent more than the notified prices. 

 
"The increase in coal quantity allocated in 2015-16 through e-auction was about 29 per cent, that garnered about 33 per cent higher prices over the notified prices," Piyush Goyal, Coal and Power Minister, said in a reply to Rajya Sabha. 
 
Rise in booking value through e-auction in 2015-16 was Rs 1,121.06 crore, he said. 
 
"Sale through e-auction was augmented in 2015-16 through separate windows for power plants and non-power sector including captive power plants," the Minister added. 
 
In a separate reply, he said that as on August 3, 2016, the coal stock in the power plants is 30.3 million tonnes (MT), which is sufficient for 22 days of operation of power plants.