• Coal India’s fuel allocation under the exclusive e-auction scheme for the non-power sector increased three-fold to 6.66 million tonne (MT) in April-June period of the ongoing financial year. CIL had allocated 2.20 MT of the dry fuel to the sector under the scheme in April-June period of the last financial year. However, the coal quantity allocated in the last month dropped to 0.56 MT, from one million tonne allocated in June 2019-20, as per latest government data.
  • India’s steel consumption to fall by around 10% and steelmakers’ sales volumes to shrink around 6% in the 12 months to March 2021, said Moody’s investors service in a report.
  • Indian Railways freight loading has surpassed last year’s level after falling in April during the first month of lockdown, signalling revival in the construction, agriculture and power sectors in the economy as majority rakes moved were of coal, cement, iron, steel, food grain and fertilisers.
  • Union Minister Nitin Gadkari  said the government is making efforts to attract FDI in infrastructure sector to address liquidity crunch faced by the COVID-19-hit economy.
  • CIL’s coal allocation under special forward e-auction for the power sector declined 28.7% to 4.74 million tonnes in the first quarter of the ongoing fiscal, official data showed. Coal India Ltd (CIL) had allocated 6.65 million tonnes (MT) of coal in April-June period of the last fiscal, according to coal ministry data. Coal allocation by the firm under the scheme declined to 0.64 MT last month, from 0.88 MT in June 2019, the data showed.