Coal India Ltd (CIL) sent a rake with around 4,000 tonnes of coal to Bangladesh, the first after the state-owned company allowed exports of its dry fuel procured by domestic buyers under e-auction windows last month.
The coal is meant for the 1,320 MW Rampal thermal power station, an NTPC and Bangladesh Power Development Board (BPDB) Joint Venture, at Khulna in Bangladesh. The Bangladesh-bound coal left the Indian shore from Syama Prasad Mookerjee Port, Kolkata, the sea route that connects India and Bangladesh.
“In less than a month of Coal India Ltd tweaking its e-auction coal sale policy lifting the restriction on export of its coal procured by domestic coal purchasers under two e-auction windows, the first coal laden rake left for Bangladesh on July 2,” the coal behemoth said in a statement.
This less-than- 2,200 gross calorific value coal was purchased under spot e-auction from Dahibari siding of Bharat Coking Coal Ltd (BCCL), the Jharkhand-based coal producing subsidiary of CIL. This falls under the Maitree Super Thermal Power Project, a joint venture between power major NTPC Ltd and the Bangladesh Power Development Board.
Effective 8 June this year, the coal miner amended its e-auction sale policy allowing across-the-border sales of coal bought under spot e-auction and special spot e-auction by domestic coal purchasers including traders. This paved the way for coal exports. In the April-June quarter, CIL allocated 6.7 million tonnes (MT) of coal under spot e-auction, which is nearly one-fourth of the entire booked quantity of 27.3 MT. It fetched the company 30 per cent add-on over the notified price. For the comparable period last year, the add-on was 16 per cent under spot e-auction, the public sector undertaking said. CIL accounts for over 80 per cent of the total domestic coal output.