Coal India’s subsidiary Western Coalfields Ltd (WCL) conducted an auction for 177,500 t of coal on 17 Aug’22. Almost the entire quantity was booked at a price realisation of INR 8464/t, fetching a premium of 241% over the notified price. Bid premium rose from 185% in June’22 because of the coal shortage. Dispatches and production in WCL’s mines fell because of heavy rains.
Leave a Reply