Tag: Coal e-auction
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MCL Coal Auction Prices Fall on Increased Offer Quantity
Mahanadi Coalfields Ltd (MCL) is the second-largest coal producing subsidiary of CIL. The recent round of coal e-auction conducted by the company has witnessed coal prices falling on account of increased quantity offered for sale. Bid prices in MCL’s auction which traditionally yields INR 250-300/MT higher than the reserve price, were reportedly INR 1070-1850/MT higher…