Tag: MCL Coal Auction

India: Low-grade coal prices decline at MCL’s recent spot auction

Dec 23, 2021

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by

Abdul Sayeed

in Non Coking

CIL subsidiary Mahanadi Coalfields Ltd (MCL) witnessed a decline in bid prices at the spot auction conducted on 22 Dec’21. Only high calorific value coal of G8 grade was booked at a bid price of INR 4,446/t, an increase of INR 1,400/t from the previous auction. However, apart from a slight uptick in prices of…