Coal India to tweak e-auction norms to ease process

Coal India Ltd (CIL) will revamp its electronic window system, allocation methodology, capping auction hours, and adjusting transport premiums. The July 11 concept note proposed changes, including allowing road transport. Subsidiaries, except Northern Coalfields, must up e-auction offers to 40% in Q2 and Q3 FY25. Reserve prices are premium; CIL reduced earnest money deposits and increased quantities.