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Weak demand from power sector pushes up CIL's e-auction of coal
TIWN
TIWN
PHOTO : TIWN
New Delhi, Oct 27 (TIWN) With weak demand from the power sector in the wake of Covid-19 disruptions, the country's largest coal producer Coal India Ltd shifted its attention to the non-power sector to see around six-fold increase in the sales of the dry fuel.
Lockdown in various parts of the country and continuing sluggish economic conditions dried up demand for the dry fuel pushing CIL to explore new avenues for growth. The government had earlier asked state-run power companies such as NTPC to reduce coal imports needed for blending purpose and look more at the domestic sources.
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