India: CIL offers 5 mnt of coal for quarterly sales under SHAKTI policy

Coal India Ltd (CIL) has initiated auctions for 5 mnt of coal under the SHAKTI scheme for private power producers who do not have power purchase agreement. The latest sale is marked for supply during the Mar-May'23 period. The material, offered in different lots, is being auctioned in a 13-day long process with MCL offering the highest quantity of 2.2 mnt.