Tag: Coal Auction
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SECL Coal Auction Continues to be Distressful
SECL’s domestic coal auction again fetched poor response in Mar’16 and 35% material was sold at floor price. SECL, a largest subsidiary of CIL, was concluded a coal auction on 8 and 9 Mar’16 with total quantity of 2.7 MnT. The response was not much pleasing for the company as only 33% of the quantity…