CIL subsidiary-Mahanadi Coalfields Ltd (MCL) witnessed a slight correction in bid prices on increased quantity of coal being offered for auctions. The company’s offerings include G8 and G9 in mid-CV (calorific value) basket along with low-CV grades in range of G12-G14, of which, only G9 managed an uptick in bid prices compared to the previous month. Overall, the sales fetched an average price realisation of INR 4,333/t, garnering a premium of 337% over the notified price. Bid premium was assessed at 412% in Feb’22.
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