Dip could flatten firm?s cushion against stagnation in productivity

In a distress signal for the world’s largest coal miner, Coal India Ltd’s (CIL’s) spot sales dipped for the first time in the five years since the e-auction, or spot sales, scheme was launched in 2007. Revenue from e-auction is expected to fall 14 per cent to Rs 5,286 crore during the first half of the current financial year, compared with the Rs 6,134 crore during the same period of 2011-12. The dip could flatten CIL’s cushion against stagnation in productivity.