Coal India Offers 35 MT Coal to Sponge Iron Sector

Coal India Limited (CIL) is implementing business-friendly initiatives to increase coal supply to the Non-Regulated Sector (NRS). CIL is offering an all-time high of 35 Million Tonnes (MTs) of high GCV coal to the Sponge Iron sector through linkage auctions to reduce import dependence. Additionally, CIL has permitted the Steel (coking) sub-sector to sell coal middlings in the open market and increased the flexibility for changing consortium partners. NRS consumers can now secure coal linkages for future projects before commissioning. CIL also continues to meet power sector demands, offering significant volumes in short-term and long/medium-term auctions, and will conduct further short-term auctions.