Western Coalfields Ltd (WCL), a subsidiary of Coal India Ltd (CIL), had conducted an auction for 279,500 t of coal on 19 Oct. Almost the entire quantity was booked at a price realisation of INR 6,788/t, fetching a premium of 145% over the notified price. However, the bid premium fell compared to 176% fetched in Sept’22 amid improvement in supplies and limited demand.
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