Tag: SECL auction result
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India: Bid premium plunges in SECL coal auction in October
South Eastern Coalfields Ltd’s (SECL’s) spot e-auction on 28 October fetched a bid premium of 275% over the notified price – a major downtrend compared to the last auction in August when the bid premium had touched 365%. The premium represents the percentage increase in bids over the notified price assessed for various coal grades.…