Coal India Ltd (CIL) subsidiary, Northern Coalfields Ltd (NCL), witnessed renewed interest in coal sales at its special spot auction as buyers resorted to purchase of domestic coal amid soaring prices of imported cargoes. The latest auction, conducted specially for importers, was held on 19 Jul’21 after a gap of eight months. Indicating robust buying interest, 1.58 mn t of coal was sold out of 1.6 mn t on offer at a price of INR 2,834.25/t thereby attracting a premium of 56% over the assessed notified price of INR 1819.87/t.
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