Tag: CIL Coal Auction Sales
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India: Bid prices in CIL’s spot auctions shoot up on supply vows
Domestic miner Coal India Ltd (CIL) has managed record bid premiums of 232% for coal sales via a series of spot auctions that were held in Jan’22. The booked quantity in these auctions was sold at an average price of INR 5,912/t against the assessed notified price of INR 1,781/t. This scheme is open to…