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Lok Sabha
Government is considering different options of bringing about market determined price of coal instead of current system of notification by Coal India Limited. The concept of e-auction has been implemented on a trial basis after taking into account the concerns of small coal consumers who were not getting adequate coal or did not have coal linkage, from official channel of coal supply. These consumers can now participate in the bidding process, through e-auction to draw coal from the preferred sources. A final decision on continuation or otherwise will be taken after independent evaluation by a reputed institution.
This information was given by the Minister of State for Coal & Mines, Dr. Dasari Narayana Rao, in a written reply in the Lok Sabha today.
DS/SCH
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