Coal India Ltd. (CIL) subsidiary Western Coalfields Ltd (WCL) has fetched bid price of INR 3,852/t for sales concluded via exclusive auction in Jan’22, garnering a premium of 62% over the notified price assessed for the grades on offer. The company had put 424,000 t of coal for sale, of which 218,000 t was booked. These auctions, meant for the non-power sector, were previously held in Apr’21, where the bid premium was recorded at 11%.
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