Coal India Ltd (CIL) invites bids from private service providers to handle e-auctions of coal for its subsidiaries over the next two years. Despite launching its internal e-auction platform in January 2024, CIL is seeking external service providers to enhance efficiency and address performance concerns.
Coal India invites bids to improve e-auction process
Coal India has decided to invite bids from private players for conducting e-auctions. This decision follows the launch of its internal e-auction platform earlier this year. Although the internal platform is operational, issues with performance have prompted CIL to seek external support. The company believes that this will ensure smooth operations and improve auction efficiency.
The shift to internal platform and CIL’s invitation for bids
CIL developed its internal e-auction platform in partnership with CMPDI and the National Informatics Centre (NIC). The platform was successfully rolled out in January 2024 after completing trial runs in 2023. However, despite the internal system’s deployment, CIL has invited private service providers to step in for the upcoming e-auctions to ensure that it can meet growing market demands.
Coal India invites bids to meet growing market needs
With an expected 60 million tonnes of coal set to be auctioned by September 2024, CIL’s decision to invite bids is designed to meet growing market demands. By involving private players, CIL aims to increase the speed and reach of coal auctions. This move will help the company maintain flexibility and meet the challenges of a rapidly changing market.
Industry concerns over coal India’s e-auction plans
External service providers, including MSTC and mjunction, have expressed concerns about the new tender. There is uncertainty regarding the role these external players will have in the future of CIL’s coal auctions. Providers are seeking more clarity on the scope of work and the potential revenue model before deciding whether to submit bids.
Coal India’s decision to invite bids from private service providers aims to improve the efficiency and flexibility of its e-auction process. This move reflects the company’s commitment to ensuring smooth coal auctions while addressing performance challenges with its internal platform.
