<p>Coal India Ltd is set to launch its own e-auction platform, and the mining major has informed new and existing bidders to register on the portal, a top company official said.</p>.<p>At present, the e-auction portal is managed by mjunction and state-owned MSTC Ltd.</p>.<p>E-auction sales account for around 120 million tonnes annually for Coal India, while the rest is sold through fuel supply agreements and other special sales windows.</p>.<p>The miner’s dedicated e-auction portal has been developed by National Informatics Centre and supported by CIL subsidiary Central Mine Planning & Design Institute Ltd.</p>.<p>"We expect to commence in-house coal e-auction in the next six months. Let the auction happen with volume, and then we will come to know about the cost benefits," the official told <em>PTI</em>.</p>.<p>E-auction of Coal India is executed in a 60:40 ratio between mjunction and MSTC.</p>.<p>"We value Coal India's decision. We had designed, developed and introduced the e-auction 15 years ago, and are still carrying on with the service without any grievance," a senior executive of mjunction said on the development.</p>.<p>The Centre is also planning to introduce a coal exchange after taking into account consumer feedback. It had appointed Crisil as consultant for the proposed exchange, and a report in this regard is expected in the next six-nine months.</p>.<p>“We want to create a robust platform for private coal mining companies… where buyers and sellers can meet when there is a lot of coal on offer after commercial mines begin production. It will have a regulatory oversight,” Coal Secretary A K Jain had recently said in Kolkata. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Coal India Ltd is set to launch its own e-auction platform, and the mining major has informed new and existing bidders to register on the portal, a top company official said.</p>.<p>At present, the e-auction portal is managed by mjunction and state-owned MSTC Ltd.</p>.<p>E-auction sales account for around 120 million tonnes annually for Coal India, while the rest is sold through fuel supply agreements and other special sales windows.</p>.<p>The miner’s dedicated e-auction portal has been developed by National Informatics Centre and supported by CIL subsidiary Central Mine Planning & Design Institute Ltd.</p>.<p>"We expect to commence in-house coal e-auction in the next six months. Let the auction happen with volume, and then we will come to know about the cost benefits," the official told <em>PTI</em>.</p>.<p>E-auction of Coal India is executed in a 60:40 ratio between mjunction and MSTC.</p>.<p>"We value Coal India's decision. We had designed, developed and introduced the e-auction 15 years ago, and are still carrying on with the service without any grievance," a senior executive of mjunction said on the development.</p>.<p>The Centre is also planning to introduce a coal exchange after taking into account consumer feedback. It had appointed Crisil as consultant for the proposed exchange, and a report in this regard is expected in the next six-nine months.</p>.<p>“We want to create a robust platform for private coal mining companies… where buyers and sellers can meet when there is a lot of coal on offer after commercial mines begin production. It will have a regulatory oversight,” Coal Secretary A K Jain had recently said in Kolkata. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>