Bid prices edged higher at South Eastern Coalfields’ (SECL) latest auction held on 5 May’22. Indicating robust demand, high-CV coal of grades G5-G8 fetched bids in excess of INR 10,000/t. However, the price rise was particularly marked for G7, G9, G11 and G15 grades for which bids rose by more than INR 2,000/t from the previous auction. Bid premiums rose almost 495% from the notified price. Premiums had risen by 390% in Mar.
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