https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Coal India Invites Bids for E-Auction Service Providers Amid Internal Platform Shift

The deadline for submitting bids is set for November 27.
Indian Masterminds Stories

In a surprising move, Coal India Ltd (CIL) has issued a tender seeking bids from private service providers to conduct e-auctions for the sale of coal on behalf of its subsidiaries for the next two years. This comes despite the state-owned PSU transitioning to its own internal e-auction platform earlier this year, sparking uncertainty among external e-auction service providers who have traditionally managed these auctions.

The deadline for submitting bids is set for November 27. This tender has raised questions among established external service providers, such as MSTC and mjunction, which have facilitated CIL’s e-auctions for nearly two decades. These companies are now seeking clarification regarding the scope of the tender and whether it will allow them to continue playing a significant role.

CIL launched its internal e-auction platform in January 2024, developed with the help of its subsidiary CMPDI and the National Informatics Centre (NIC). Although the system underwent successful trials in 2023, there have been complaints about its performance, leading the company to consider external service providers once again.

An official from CIL confirmed that around 60 million tonnes of coal were expected to be auctioned through the platform by September 2024. The move to engage external players is seen as a strategic effort to increase flexibility and responsiveness to shifting market demands and consumer preferences.

The new arrangement is set to take effect in April 2025, after the expiration of existing contracts with current service providers in March. However, industry insiders are speculating about the long-term role of CIL’s internal platform, with some questioning whether the platform will continue to function alongside external providers or eventually phase out.

Service providers are particularly concerned about the clarity of the tender’s terms, especially regarding the volume of business expected. A senior official from one of the external companies expressed uncertainty, stating, “We’re seeking more details about the expected business. Our revenue depends on the number of auctions, and it’s unclear whether external providers will simply serve as a backup or have an assured revenue stream.”

As the industry awaits further details, the outcome of this tender could significantly reshape the future of coal auctions in India.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
sidbi
SIDBI FY25 Results: Net Profit Jumps 19.5% to Record ₹4,811 Crore, Asset Base Surpasses ₹5.6 Lakh Crore
(IRFC) indian-railway-finance-corporation
IRFC Signs ₹10,560 Crore Loan Agreement with MAHAGENCO for Koradi Thermal Power Expansion in Maharashtra
Sufiyah Faruqui Wali
Who Is IAS Officer Sufiyah Faruqui Wali, the Newly Appointed General Manager of FCI, Bhopal?
BEL
BEL Secures Rs 1,092 Crore Defence Orders Including Electronic Warfare and Communication Equipment
Yogi Government
Uttar Pradesh to Develop Industrial Corridor in Sultanpur: Boost to Jobs, Investment & Connectivity
PiyushGoyal-resized
From Fear to Fortune: UP’s Transformation Under Yogi Adityanath Highlighted at UPITS 2025 - State on Unstoppable Growth Path, Says Piyush Goyal
Ahmedabad Shopping Festival 2025
Ahmedabad Shopping Festival 2025-26 to Run from December to January, Focus on Vocal for Local
Gandhinagar: Union Jal Shakti Minister C.R
National Conference on Digital India, Land Administration, and Disaster Management to Be Held in Gandhinagar - 7 Key Themes to Watch
ADVERTISEMENT
ADVERTISEMENT
Videos
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
Dr. S.K
Technology Meets Ecology: IFS Dr S K Srivastava’s Game-Changing Innovations in Forest Management | Eco Warrior Awards 2025 Interview
ADVERTISEMENT
UPSC Stories
Ankit MPPSC 2024 Rank 3
From Village Dreams to Deputy Collector’s Chair: Meet Ankit, MPPSC Rank 3 Hindi Medium Topper
Ankit, a Hindi-medium aspirant from Balaghat, secured Rank 3 in MPPSC 2024 and became Deputy Collector...
Shubham Muchhala MPPSC 2024
9 Years, 6 Interviews, Now Deputy Collector: Meet MPPSC 2024 Hindi Medium Topper Shubham, the Face of Relentless Struggle
After nine years, seven prelims, six mains, and five interview failures, Shubham Muchhala secured MPPSC...
Abhay Daga IPS UPSC Success Story
IIT Graduate, Microsoft Alum, Actor, to Cracking UPSC CSE: The Story of Abhay Daga
Read the inspiring journey of Abhay Daga, an IIT graduate, Microsoft alum, and actor, who cleared UPSC...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
sidbi
SIDBI FY25 Results: Net Profit Jumps 19.5% to Record ₹4,811 Crore, Asset Base Surpasses ₹5.6 Lakh Crore
(IRFC) indian-railway-finance-corporation
IRFC Signs ₹10,560 Crore Loan Agreement with MAHAGENCO for Koradi Thermal Power Expansion in Maharashtra
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IFS Ravikant Meena UPSC IFS
Siddhartha Saxena UPSC CAPF
Dr. S.K
ADVERTISEMENT
ADVERTISEMENT