CIL Q3FY17 E-auction Prices Up 16.9% M-o-M, Down 16.18% Y-o-Y

E-auction prices of Coal India Limited (CIL) went up by 16.9% in Q3FY17 in comparison with the prices in Q2FY17.

The average prices during the Oct-Dec’17 period were at INR 1,564/MT, and in the Jul-Sep’17 period, the prices were at INR 1,337/MT. The higher prices during the quarter were due to higher coal prices in international markets, prompting Indian buyers to procure from the home market.

However, the Q3FY17 E-auction prices were lower by 16.18% than the prices in Q3FY16, at INR 1,866/MT.

The prices in the current fiscal were relatively lower due to demand from the power sector at lows.

Source: CIL