Coal India to Auction 25.62 Million Tonnes of Coal Amid West Asia Energy Crisis
Amid West Asia crisis, CIL plans to offer 25.62 million tonnes of coal in April via auction
The Economic TimesImage: The Economic Times
Coal India Ltd, based in New Delhi, plans to auction 25.62 million tonnes of coal in April to address rising energy demands due to supply disruptions from West Asia. This auction will utilize the Single Window Mode Agnostic (SWMA) system, allowing direct participation from buyers in neighboring countries.
- 01Coal India Ltd will auction 25.62 million tonnes of coal in April 2023.
- 02The auction aims to mitigate energy supply shocks caused by disruptions in West Asia.
- 03Coal India accounts for over 80% of domestic coal production in India.
- 04Buyers from Bangladesh, Bhutan, and Nepal can now participate directly in auctions.
- 05Coal production dropped by 1.7% to 768.1 million tonnes in FY26.
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In response to the energy supply crisis stemming from disruptions in liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil supplies from West Asia, Coal India Ltd (CIL) plans to auction 25.62 million tonnes of coal in April 2023. This auction will utilize the Single Window Mode Agnostic (SWMA) system, which simplifies the auction process by consolidating various auction types into one platform. CIL's subsidiaries will contribute varying amounts, with Mahanadi Coalfields Ltd offering the largest share of 8.5 million tonnes. Notably, CIL has opened its auctions to buyers from neighboring countries such as Bangladesh, Bhutan, and Nepal, allowing them to bypass domestic traders. This move is expected to enhance transparency and competition in the coal market while safeguarding domestic supply. CIL's coal production saw a 1.7% decline in FY26, totaling 768.1 million tonnes, down from 781.1 million tonnes in FY25.
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This auction will help stabilize coal supply for industries affected by energy shortages, potentially lowering energy costs.
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