Tag: SECL mandates financial coverage for coal upgradation under e-auction

SECL enforces stricter norms under CIL e-auction framework Buyers to face increased financial commitments upfront South Eastern Coalfields Limited (SECL) has issued a notice making it mandatory for all e-auction buyers, as well as FSA and MoU consumers, to provide financial coverage (FC) towards the upgradation of coal quality under the updated Coal India Limited…