Tag: Spot Coal Auction
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India: Bid premium drops to 337% at MCL’s spot auction in Mar’22
CIL subsidiary-Mahanadi Coalfields Ltd (MCL) witnessed a slight correction in bid prices on increased quantity of coal being offered for auctions. The company’s offerings include G8 and G9 in mid-CV (calorific value) basket along with low-CV grades in range of G12-G14, of which, only G9 managed an uptick in bid prices compared to the previous…