Auction of coal linkage for cement sector by month-end

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(FILES) In this photograph taken on July 27, 2007, Indian workers use heavy machinery to shift a pile of coal at an open cast mine owned by The Sinagareni Collieries Company Limited (SCCL) at Godavarikhani, some 250 kilometers east of Hyderabad. Human Rights Watch has blasted the Indian government on June 14, 2012, for failing to regulate the country's "out of control" mining industry which it said fuelled corruption and damaged local communities. The report from New York-based group said it was "hard to overstate" the scale of lawlessness in the multi-billion-dollar mining sector, with grave consequences for human rights and the environment. AFP PHOTO/Noah SEELAM/FILES

In order to supply fuel to the end users Coal India has been ordered to perform the auction of coal-linkages for non-regulated sector. The CIL has decided to move on for bidding of the cement sector after this auction.

 

On Monday, the CIL has decided to conduct an e-auction for the cement sector, which is scheduled on 28 June. In order to supply fuel to the end users Coal India has been ordered to perform the auction of coal-linkages for non-regulated sector. The CIL has decided to move on for bidding of the cement sector after this auction. The application or notice for invitation was published on June 11 according to some sources. However, this is the second sale of the dry fuel for non-regulated industries with the mode of bidding. Nevertheless, the Cabinet Committee on Economic Affairs has decided to allocate the coal linkages to the non-regulated sectors with the mode of auction mechanism. Later on, the coal ministry has issued a letter to CIL for auction  of the sectors embracing cement, sponge iron/ steel, aluminium and others (excluding fertiliser, urea), through a competitive bidding process. The annual contracted quantity of the coal linkages is approximately 23.25 MTPA for non-regulated sectors.      

 

 

 

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