Tag: ECL auction result October

India: ECL’s bid premium surges in auctions held in October

Oct 26, 2022

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by

Shastu

in Non Coking

Coal India subsidiary, Eastern Coalfields Ltd (ECL), had conducted auctions for a total of 0.35 mnt of coal in October so far. While the entire quantity was booked, bid premium rose up to 280% over the notified price. The average price realisation in the auctions was more than INR 12000/t. In September, bid premium was…