The credibility for high profit of Coal India Limited (CIL) last year can largely be attributed to the success of e-Auction.
e-Auction makes it easy to manage multiple online auctions. This e-Auction brought transparency in marketing of coal. Under the e-Auction route, the company sold 19.5 mt of coal, which generated additional revenue of about Rs 920 crore. This success is worth taking note of.
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