Industry & Economy
-
Coal
Info-Tech
-
E-Commerce & E-Business
Coal merchants ask CIL to halt e-auctioning
Our Bureau
Kolkata
,
Sept. 2
THE Indian Coal Merchants' Association (ICMA) has urged Coal India Ltd (CIL) to abandon the recently introduced system of e-auctioning of coal to the highest bidder. This has created a situation where actual industrial consumers are being forced to pay more to "middlemen" who, according to CIL's marketing policy, have been allowed to purchase coal through e-auction and sell to users, ICMA said.
Addressing the association's 74th AGM here, the President of ICMA, Mr V.K. Arora, said that the association has been against the e-auction system since its trial introduction last year by a few subsidiaries of CIL, but its appeal had fallen on deaf ears and the authorities are now bent on introducing coal auctioning in all CIL subsidiaries through Internet.
Mr Arora said that the association had told authorities that CIL, as a monopoly producer, could not enjoy the luxury to e-auction coal by discarding the age-old system of coal linkages, facilitating consumers to get coal of the right type and at the right price. But consumers have been denied such facility with the introduction of e-auction, he lamented. Commending CIL for the steady growth in domestic production during the successive financial years, Mr Arora highlighted certain grey areas in coal production. He pointed out that there was near-stagnation in underground coal mining.
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
