Eastern Coalfields Ltd. (ECL) received high bids in its latest auction held on 15 Jun’22, as buyers actively procured high-grade coal to make up for the shortfall in the seaborne market. The entire offering of 411,582 t, comprising of G4 and G5 grades, was booked. Bids for G4 were at INR 12,469/t against the reserve price of INR 4,100/t. For G5, bids were at INR 8,695/t against the reserve price of INR 3,772/t.
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