India: MCL schedules auction for over 2 mnt of non-coking coal on 7 November

Mahanadi Coalfields Ltd. (MCL), the biggest subsidiary of Coal India Ltd., will conduct an auction for 2.03 mnt of coal on 7 Nov’22. Non-coking grades offered in the auction are G8, G12, G13 and G14 of which G12 constitute 47% of the total offering. Notably, the company had not conducted any auction in October.


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