Lok Sabha Question No. 3783 (UNSTARRED), answered on 2016-12-08
Subject: Sale of Coal through Electronic Auction Route
Ministry: COAL
Asked by: M. UDHAYAKUMAR

## GOVERNMENT OF INDIA MINISTRY OF COAL LOK SABHA UNSTARRED QUESTION NO.3783 TO BE ANSWERED ON 08.12.2016

## Sale of Coal through Electronic Auction Route

## 3783. ADV. M. UDHAYAKUMAR:

Will the Minister of COAL be pleased to state:

(a) whether the record coal production during the last fiscal allowed the Coal India Limited to augment sales via the lucrative electronic auction route to firms with captive power plants and power generators, if so, the details thereof;

(b)  whether  the  rise  in  e-auction  sales  has  boosted  the  company's  annual  sales,  if  so,  the details thereof;

(c) whether more quantity of coal was sold under spot e-auction during the current fiscal than the financial year 2015-16 and if so, the details thereof; and

(d)  whether  the  company  has  discovered  33%  higher  prices  compared  to  the  notified  rate through e-auction, if so, the details thereof ?

## A N S W E R

## MINISTER OF STATE (I/C) FOR COAL, POWER, NEW AND RENEWABLE ENERGY AND MINES

## (SHRI PIYUSH GOYAL)

(a) & (b): After earmarking coal quantity to meet commitments under Fuel Supply Agreements and to maintain adequate stock at pitheads commensurate with the current requirement, the excess coal available was put up for auction during the last fiscal. The total quantity of raw coal allocated through auction by Coal India Limited during 2015-16 was 786.33 lakh tonnes. The booked value of coal was Rs.12,885.25 crore in 2015-16 compared to Rs.11,764.09 crore in 2014-15.

(c): The  total  quantity  of  coal  allocated  under  Spot  e-auction  in  the  current  fiscal  (April  to October, 2016) was 337.56 laks tonnes whereas the quantity allocated during the last financial year (April to October, 2015) was 321.08 lakh tonnes.

(d): The  details  of  increase  in  Bid  Value  over  Notified  Value  for  the  current  fiscal  (April  October, 2016) and for the Financial Year 2015-16 are given below:

| Increase of Bid Value over Notified Value (in percentage terms)   | Increase of Bid Value over Notified Value (in percentage terms)   | Increase of Bid Value over Notified Value (in percentage terms)   | Increase of Bid Value over Notified Value (in percentage terms)   | Increase of Bid Value over Notified Value (in percentage terms)   | Increase of Bid Value over Notified Value (in percentage terms)   | Increase of Bid Value over Notified Value (in percentage terms)   |
|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|
| Year                                                              | Spot                                                              | Forward                                                           | Special Forward for Power                                         | Exclusive Non-Power                                               | Special Spot                                                      | TOTAL                                                             |
| April-October, 2016                                               | 20.70                                                             | 0.80                                                              | 17.00                                                             | 8.71                                                              | 20.07                                                             | 18.54                                                             |
| 2015-16                                                           | 33.74                                                             | 29.44                                                             | 35.78                                                             | 31.48                                                             |                                                                   | 33.63                                                             |

Special Spot auction was not conducted in 2015-16.

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