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Government have approved sale of 10 million tonnes of coal through electronic auction on Internet for the year 2005-06 on trial basis which constitutes 2.9 per cent of total coal production of Coal India Limited (CIL), a public sector unit of the Coal Ministry. The quantity of 10 million tonnes will be distributed amongst CIL subsidiaries. The e-auction will start in all CIL subsidiaries in April / May, 2005.
E-auction will be open to both consumers and traders. It is expected that with e-auction small consumers will have access to legal channel to meet their requirement of coal. Mal-practices and black marketing of coal could be curbed to a substantial extent. Besides, an Expert Committee has been constituted in the Ministry of Coal to draw up a road map for the coal sector.
This information was given by the Minister of State for Coal & Mines, Dr. Dasari Narayana Rao, in a written reply in the Rajya Sabha, today.
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