The Centre has allowed Coal India to revert to the old system, removing the cap on e-auction volumes with effect from April 2015, which might boost the state-owned minerÃÂīs bottom line going ahead. The company is expected to sell 50-55 million tonnes (Mnt) in FY16 and is targeting 10 per cent total sales via e-auction route and is confident of achieving production target of 550 Mnt for the current year. It also has a production target of 910 Mnt by 2019-2020. The company got an average of 195 rakes per day in FY15 and is confident of getting over 230 rakes per day in FY16.
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Home » IL targeting 10% total sales via e-auction
IL targeting 10% total sales via e-auction
Coal & Mining
May 1, 2015May 1, 2015
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