During 2011-12, the
subsidiary companies of CIL have earned 5600 crores more than the
notified price of coal, by selling coal through e-auction. The purpose
of sale of coal under e-auction is basically to provide access to coal
for such consumers who are not able to source coal through the available
institutional mechanisms for reasons like seasonality of coal
requirement, limited requirement of coal not warranting long term
linkage etc. Sale of coal under e-auction also provides access to
consumers to procure coal of their choice and any incremental amount
earned over the notified price, through e-auction, is incidental.
This information was given by Shri Pratik Prakashbapu Patil, Minister of
State for Coal while replying a written question in Rajya Sabha today.