India: Coal supply crunch boosts bid prices at ECL auction

As per market sources, the average bid price for domestic coal at the ongoing Eastern Coalfields Ltd. (ECL) auction has risen by INR 3,000-4,000/t. The total quantity put up for auction was 137,000 tonne. The current bid for Bansra mine coal is heard at INR 12,340/t, while for Jambad UG material the bid price is at INR 11,490/t. For Khaskojaro coal, the price stands at INR 11,000/t. Prices exclude taxes and duties.


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