Tag: CIL increase EMD
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Coal India increases EMD by 150% for spot-e-auctions. What are its implications?
In its latest notification issued on 4 July, Coal India Limited (CIL) has increased the earnest money deposit (EMD) amount by 150% to INR 500/t against the previous INR 200/t for its spot e-auctions. All registered bidders are now required to deposit the revised amount of EMD for participation in the upcoming spot e-auctions of…