{"id":677,"date":"2024-05-28T07:05:47","date_gmt":"2024-05-28T07:05:47","guid":{"rendered":"https:\/\/cpaindia.co.in\/?p=677"},"modified":"2024-06-08T04:36:46","modified_gmt":"2024-06-08T04:36:46","slug":"cils-coal-auction-premium-to-decline-further-with-more-coal-availability","status":"publish","type":"post","link":"https:\/\/cpaindia.co.in\/index.php\/2024\/05\/28\/cils-coal-auction-premium-to-decline-further-with-more-coal-availability\/","title":{"rendered":"CIL\u2019s coal auction premium to decline further with more coal availability:"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"677\" class=\"elementor elementor-677\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b4f1ed8 e-flex e-con-boxed e-con e-parent\" data-id=\"b4f1ed8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-afb91fe elementor-widget elementor-widget-heading\" data-id=\"afb91fe\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SOURCE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3fd30c2 e-flex e-con-boxed e-con e-parent\" data-id=\"3fd30c2\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7a4be1d elementor-widget elementor-widget-text-editor\" data-id=\"7a4be1d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #0000ff;\"><em>As the production of coal from commercial and captive coal mines increases, the premium realised by CIL through e-auction will continue to decline, said sources<\/em><\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3ef90d5 e-flex e-con-boxed e-con e-parent\" data-id=\"3ef90d5\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b110040 elementor-widget elementor-widget-image\" data-id=\"b110040\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"236\" src=\"https:\/\/cpaindia.co.in\/wp-content\/uploads\/2024\/03\/coal-mining-1024x378.jpg\" class=\"attachment-large size-large wp-image-597\" alt=\"\" srcset=\"https:\/\/cpaindia.co.in\/wp-content\/uploads\/2024\/03\/coal-mining-1024x378.jpg 1024w, https:\/\/cpaindia.co.in\/wp-content\/uploads\/2024\/03\/coal-mining-300x111.jpg 300w, https:\/\/cpaindia.co.in\/wp-content\/uploads\/2024\/03\/coal-mining-768x283.jpg 768w, https:\/\/cpaindia.co.in\/wp-content\/uploads\/2024\/03\/coal-mining-1536x567.jpg 1536w, https:\/\/cpaindia.co.in\/wp-content\/uploads\/2024\/03\/coal-mining.jpg 2000w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9e93e4a e-flex e-con-boxed e-con e-parent\" data-id=\"9e93e4a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ba78319 elementor-widget elementor-widget-text-editor\" data-id=\"ba78319\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"text-story-m_timestamp-social-share__1tSR7\"><div id=\"publish-details-container-e495cacb-27b6-408d-b1be-91fa14b7e231\"><div class=\"arrow-component arr--publish-details publish-details-m_timeStamp__2yL0k publish-details-m_dark__1L30z\" data-test-id=\"timeStamp\"><div class=\"publish-details-m_publish-details__2a1Xq publish-details-m_dark__1L30z\" data-test-id=\"publishDetails\">Published on:\u00a0<div class=\"publish-details-m_date__3ZIQN\"><time class=\"arr__timeago\" title=\"2024-05-24 10:15\" datetime=\"2024-05-24T10:15:47.338Z\">24 May 2024, 3:45 pm<\/time><\/div><\/div><\/div><\/div><\/div><div class=\"arr--story-page-card-wrapper\"><div class=\"arr--element-container story-element-card-m_element-container__1ZeJL story-element-card-m_dark__1AX15\"><div class=\"arrow-component arr--text-element text-m_textElement__e3QEt text-m_dark__1TC18 \" data-test-id=\"text\"><p><strong><a class=\"google-anno\" href=\"https:\/\/psuwatch.com\/newsupdates\/cils-coal-auction-premium-to-decline-further-with-more-coal-availability-source#\">\u00a0<span class=\"google-anno-t\">New Delhi<\/span><\/a>:<\/strong>\u00a0As the production of coal from sources other than\u00a0<a href=\"https:\/\/psuwatch.com\/newsupdates\/coal-indias-contribution-to-govt-exchequer-rises-64-to-rs-60140-crore-in-fy24\" target=\"_blank\" rel=\"noopener\" aria-label=\"content\">Coal India<\/a>\u00a0Limited (CIL) \u2014 commercial and captive coal mines \u2014 increases, the premium realised by CIL through e-auction will continue to decline, said a source in the Ministry of Coal. During FY 2022-23, the average premium realised by CIL through e-auction was 252 percent. During FY 2023-24, the average premium realised by CIL was 72 percent. \u201cThis trend is continuing and is likely to see a further decline during FY 2024-25. This would mean cheaper availability of coal for the non-regulated sector. This will help in reduction in the cost of production and accordingly will contribute to checking inflation,\u201d said the source.<\/p><\/div><\/div><\/div><div class=\"arr--story-page-card-wrapper\"><div class=\"arr--element-container story-element-card-m_element-container__1ZeJL story-element-card-m_dark__1AX15\"><div class=\"arrow-component arr--text-element text-m_textElement__e3QEt text-m_dark__1TC18 \" data-test-id=\"text\"><h2>Captive, commercial coal mines to contribute over 16% to coal production in FY25<\/h2><p>The government opened up the coal sector for commercial coal mining in 2020. \u201cThe policy of opening up the coal sector without end-user restriction has resulted in faster operationalisation of new coal mines. There are many mines auctioned for commercial purposes, that have got required clearances, faster than stipulated. Accordingly, the share of coal being produced by captive\/commercial mines is increasing year on year,\u201d the source said. During FY 2023-24, 153 MT coal has been produced by captive\/commercial mines which is 15.34 percent of the total production, whereas in FY 2022-23, these mines produced 122 MT coal which was 13.67 percent of the total production. During FY 2024-25, captive\/commercial mines are likely to contribute over 16 percent.<\/p><\/div><\/div><div class=\"arr--element-container story-element-card-m_element-container__1ZeJL story-element-card-m_dark__1AX15\"><div class=\"also-read-m_card-image-wrapper__3GFzu\"><figure class=\"also-read-m_card-image__3CwAv\"><img decoding=\"async\" class=\"qt-image\" src=\"https:\/\/media.assettype.com\/psuwatch%2Fimport%2Fwp-content%2Fuploads%2F2022%2F10%2Fcoal-psu-watch.jpg?w=480&amp;auto=format%2Ccompress\" srcset=\"\/\/media.assettype.com\/psuwatch%2Fimport%2Fwp-content%2Fuploads%2F2022%2F10%2Fcoal-psu-watch.jpg?w=250&amp;auto=format%2Ccompress 250w,\/\/media.assettype.com\/psuwatch%2Fimport%2Fwp-content%2Fuploads%2F2022%2F10%2Fcoal-psu-watch.jpg?w=480&amp;auto=format%2Ccompress 480w,\/\/media.assettype.com\/psuwatch%2Fimport%2Fwp-content%2Fuploads%2F2022%2F10%2Fcoal-psu-watch.jpg?w=640&amp;auto=format%2Ccompress 640w\" alt=\"CIL\u2019s coal auction premium to decline further with more coal availability: Source\" \/><\/figure><\/div><div class=\"also-read-m_content-wrapper__26AZX\"><div class=\"also-read-m_headline__VzF-c also-read-m_dark__1pUib\">In future, surplus coal will be available for coal gasification projects: Source<\/div><\/div><\/div><div class=\"arr--element-container story-element-card-m_element-container__1ZeJL story-element-card-m_dark__1AX15\"><div id=\"widget-2_8793672f-a698-4734-95d7-a0ef1117473c\" class=\"app-ad app-ad--story-horizontal\" data-test-id=\"widget\"><div class=\"widget-module__widgetWrapper__Rzg0s\" data-test-id=\"widget\">\u00a0<\/div><\/div><\/div><\/div><div class=\"arr--story-page-card-wrapper\"><div class=\"arr--element-container story-element-card-m_element-container__1ZeJL story-element-card-m_dark__1AX15\"><div class=\"arrow-component arr--text-element text-m_textElement__e3QEt text-m_dark__1TC18 \" data-test-id=\"text\"><p>\u201cThis is helping in higher availability of coal in the open market. Enhanced production from captive\/commercial mines is adding to the self-sufficiency of some of the larger FSA (Fuel Supply Agreement) holders. Therefore, dependency on CIL is reducing. This is helping in the reduction of the auction price of coal,\u201d said the source.<\/p><\/div><\/div><\/div><div class=\"autors-widget\"><div><div><div id=\"autors-container-0\"><iframe id=\"master-1\" title=\"\" src=\"https:\/\/www.adsensecustomsearchads.com\/afs\/ads?psid=5134551505&amp;channel=AutoRsVariant&amp;cx=r-c67c2576083ee24eb&amp;fexp=42532562%2C21404%2C17300002%2C17301431%2C17301432%2C17301436&amp;client=pub-8389303017847965&amp;r=m&amp;hl=en&amp;rpbu=http%3A%2F%2Fgoogle.com&amp;rpqp=q&amp;type=3&amp;rs_tt=c&amp;oe=UTF-8&amp;ie=UTF-8&amp;client_gdprApplies=0&amp;format=r5&amp;nocache=9601716879755613&amp;num=0&amp;output=afd_ads&amp;domain_name=psuwatch.com&amp;v=3&amp;bsl=10&amp;pac=2&amp;u_his=1&amp;u_tz=330&amp;dt=1716879755614&amp;u_w=1366&amp;u_h=768&amp;biw=1303&amp;bih=611&amp;psw=1303&amp;psh=611&amp;frm=0&amp;uio=-&amp;cont=autors-container-0&amp;drt=0&amp;jsid=csa&amp;nfp=1&amp;jsv=635538657&amp;rurl=https%3A%2F%2Fpsuwatch.com%2Fnewsupdates%2Fcils-coal-auction-premium-to-decline-further-with-more-coal-availability-source\" name=\"{&quot;name&quot;:&quot;master-1&quot;,&quot;master-1&quot;:{&quot;container&quot;:&quot;autors-container-0&quot;,&quot;styleId&quot;:&quot;5134551505&quot;,&quot;channel&quot;:&quot;AutoRsVariant&quot;,&quot;cx&quot;:&quot;r-c67c2576083ee24eb&quot;,&quot;domainName&quot;:&quot;psuwatch.com&quot;,&quot;fexp&quot;:&quot;42532562,21404,17300002,17301431,17301432,17301436&quot;,&quot;masterNumber&quot;:1,&quot;number&quot;:0,&quot;pubId&quot;:&quot;pub-8389303017847965&quot;,&quot;role&quot;:&quot;m&quot;,&quot;hl&quot;:&quot;en&quot;,&quot;client_gdprApplies&quot;:0,&quot;resultsPageBaseUrl&quot;:&quot;http:\/\/google.com&quot;,&quot;columns&quot;:1,&quot;horizontalAlignment&quot;:&quot;left&quot;,&quot;resultsPageQueryParam&quot;:&quot;q&quot;,&quot;relatedSearchUseResultCallback&quot;:true,&quot;ie&quot;:&quot;UTF-8&quot;,&quot;maxTop&quot;:0,&quot;minTop&quot;:0,&quot;oe&quot;:&quot;UTF-8&quot;,&quot;relatedSearches&quot;:5,&quot;type&quot;:&quot;relatedsearch&quot;,&quot;linkTarget&quot;:&quot;_blank&quot;,&quot;fontSizeTitle&quot;:18,&quot;fontSizeAttribution&quot;:13,&quot;relatedSearchTargeting&quot;:&quot;content&quot;}}\" width=\"100%\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" data-observe=\"1\" data-mce-fragment=\"1\"><\/iframe><\/div><\/div><\/div><\/div><div class=\"arr--story-page-card-wrapper\"><div class=\"arr--element-container story-element-card-m_element-container__1ZeJL story-element-card-m_dark__1AX15\"><div class=\"arrow-component arr--text-element text-m_textElement__e3QEt text-m_dark__1TC18 \" data-test-id=\"text\"><p>(<em><strong><a class=\"google-anno\" href=\"https:\/\/psuwatch.com\/newsupdates\/cils-coal-auction-premium-to-decline-further-with-more-coal-availability-source#\">\u00a0<span class=\"google-anno-t\">PSU Watch<\/span><\/a><\/strong>\u2013 India&#8217;s Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy\u00a0is now on Google News. Click\u00a0<strong><a href=\"https:\/\/news.google.com\/s\/CBIw0s_fgGw?sceid=IN:en&amp;sceid=IN:en&amp;r=7&amp;oc=1\" target=\"_blank\" rel=\"noopener\" aria-label=\"content\">here<\/a><\/strong>\u00a0to follow. Also,<strong>\u00a0<a href=\"http:\/\/t.me\/psuwatch\" target=\"_blank\" rel=\"noopener\" aria-label=\"content\">join PSU Watch Channel<\/a><\/strong>\u00a0in your Telegram. You may also follow us on\u00a0<strong><a href=\"https:\/\/twitter.com\/PsuWatch\" target=\"_blank\" rel=\"noopener\" aria-label=\"content\">Twitter here<\/a><\/strong>\u00a0and stay updated.)<\/em><\/p><\/div><\/div><\/div><div class=\"text-story-m_story-tags__Roh7y\"><div class=\"arrow-component arr--story-tags\"><div class=\"tags-m_tags__1Ncq0 tags-m_dark__28n8B\" data-test-id=\"story-tag\"><a href=\"https:\/\/psuwatch.com\/topic\/ministry-of-coal\" aria-label=\"story-tag-name\">Ministry of Coal<\/a><\/div><div class=\"tags-m_tags__1Ncq0 tags-m_dark__28n8B\" data-test-id=\"story-tag\"><a href=\"https:\/\/psuwatch.com\/topic\/coal-production\" aria-label=\"story-tag-name\">coal production<\/a><\/div><div class=\"tags-m_tags__1Ncq0 tags-m_dark__28n8B\" data-test-id=\"story-tag\"><a href=\"https:\/\/psuwatch.com\/topic\/commercial-coal-mining\" aria-label=\"story-tag-name\">commercial coal mining<\/a><\/div><div class=\"tags-m_tags__1Ncq0 tags-m_dark__28n8B\" data-test-id=\"story-tag\"><a href=\"https:\/\/psuwatch.com\/topic\/coal-india-limited-cil\" aria-label=\"story-tag-name\">Coal India Limited (CIL)<\/a><\/div><\/div><div id=\"widget-after-story-e495cacb-27b6-408d-b1be-91fa14b7e231\" class=\"app-ad app-ad--story-horizontal\" data-test-id=\"widget\"><div class=\"widget-module__widgetWrapper__Rzg0s\" data-test-id=\"widget\"><div id=\"M454091ScriptRootC1460301_033f6\"><div id=\"MarketGidComposite1460301_033f6\"><div><div class=\"mgbox\"><div class=\"mgheader\">\u00a0<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>SOURCE As the production of coal from commercial and captive coal mines increases, the premium&#8230;<\/p>\n","protected":false},"author":1,"featured_media":685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auction-of-commercial-coal-mines"],"_links":{"self":[{"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=677"}],"version-history":[{"count":4,"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/677\/revisions"}],"predecessor-version":[{"id":686,"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/677\/revisions\/686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/685"}],"wp:attachment":[{"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpaindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}