Tag: MCL Coal Auction

India: MCL auction from Manoharpur mine receives poor response

May 29, 2021

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by

Abdul Sayeed

in Non Coking

Coal India subsidiary Mahanadi Coalfields Ltd (MCL) conducted an auction on 15 May’21 in order to dispose the excess inventory of Manoharpur coal mine, which is a captive mine of Odisha Coal and Power (OCPL). However, the auction failed to garner active interest with only 78,750 t receiving bids at a set base price of…