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New UserCoal eauction rose 29 per cent in 201516: Piyush Goyal
09 Aug 2016
Government today said coal allocation via the electronic auction (eauction)
route rose by 29 per cent in 201516, fetching 33 per cent more than the notified prices.
"The increase in coal quantity allocated in 201516 through eauction 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 today.
The increase in booking value through eauction in 201516 was Rs 1,121.06 crore, he said.
"Sale through eauction was augmented in 201516 through separate windows for power plants and nonpower 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, as against the normative stock of 21 days.
"At present, there is no power station with critical coal stock," he added.
SOurce: Economic Times