India: G12 grade coal sold at INR 13,500-14,000/t in recent MCL auction

In the recently-held coal auction by Mahanadi Coalfields Ltd. (MCL), an Odisha-based steel producer booked 12,000 t of G12 (5200-5500 kcal/kg GCV) coal at INR 13,500-14,000/t FOR Jajpur. MCL offered thermal coal of grades G8, G12, G13 and G14 in the auction, with the total offered quantity being 2.2 mnt