The government said selling 10% of coal through e-auction by the Coal India Limited has helped checking malpractices, corruption and black marketing. Sriprakash Jaiswal, Minister of state of Coal said that “E-auction was introduced to check rising corruption in the coal market. It is for smaller users who have not been given any coal linkage.”
The minister said that during 2008-09 a total quantity of 48.8 million tonnes was allocated under e auction by various companies under CIL to the successful bidders adding that CIL was doing it not to make profit out of this but to help smaller users. He however said that there were not many bidders for procuring coal through e-auction. Replying to a supplementary, he said that coal was in short supply in India but the government was trying to supply the required quantity to the power plants at a pre determined price. He said only 10 per ent of the coal can be sold through e auction and the remaining 90 per cent is distributed as per the requirement of various manufacturers like power plants, cement manufacturers and others.
The minister said that during 2008-09 a total quantity of 48.8 million tonnes was allocated under e auction by various companies under CIL to the successful bidders adding that CIL was doing it not to make profit out of this but to help smaller users. He however said that there were not many bidders for procuring coal through e-auction. Replying to a supplementary, he said that coal was in short supply in India but the government was trying to supply the required quantity to the power plants at a pre determined price. He said only 10 per ent of the coal can be sold through e auction and the remaining 90 per cent is distributed as per the requirement of various manufacturers like power plants, cement manufacturers and others.
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