Tag: Coal auction premium
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India: Bid prices fall at MCL coal auction
Coal India’s subsidiary Mahanadi Coalfields Limited (MCL) conducted an auction for 2.2 mnt of coal on 30 June. Almost the entire quantity was booked at a price realisation of INR 5,536/t, fetching a premium of 450% over the notified price compared to 749% in May. The fall in bid premium is attributed to the seasonal…