Author: Shivani Patil

Rungta emerges as highest bidder in auction Premiums remain moderate across grades Mahanadi Coalfields Ltd’s (MCL) non-coking coal auction witnessed allocations of 768,650 t against an offered quantity of 2.75 mnt, resulting in an absorption rate of just around 28%. The low allocation ratio reflected cautious procurement behaviour despite abundant coal availability. Buying activity remained…