| ||
| Indian coking coal users and experts have welcomed the Coal India plan to sell indigenous coking coal through forward e auction, like other commodities sold on various commodity exchanges. Mr Ganesh Natarajan chief executive officer of Ennore Coke said that “Forward e-auction process will ensure guaranteed supply of coking coal to the consumers while it will also enrich the balance sheet of CIL. It is a win-win situation for both the suppliers and consumers.” The CIL has proposed to sell coking coal through e-auction in a recent interaction meeting and review of New Coal Distribution Policy, held on June 6 and organized by union Ministry of Coal. Entire coking coal be offered through forward e-auction, was one of the suggestions made by CIL in the meeting, according to the recorded note of the meeting. CIL sells about 2 million tonne coking coal annually at notified price, which does not ensure guaranteed supply. Though coking coal supplied from abroad is about 14 times higher than the annual sales of CIL, Indian consumers eye the locally produced coke, which is cheaper and easily accessible. |
No comments:
Post a Comment