Tag: Spot Coal Auction

India: CIL’s coal sales via auctions fall by 80%, m-o-m, in April

May 4, 2022

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by

Abdul Sayeed

in Non Coking

Coal India Ltd. (CIL) registered a decline in coal sales via auctions as prevailing strong demand for power forced the company to cut down its offerings. Sales in the series of auctions held in April, 2022 decreased 80% m-o-m to 1.62 million tonnes (mnt) as against 7.89 mnt in March, 2022. In order to ensure…