Tag: WCL auction result

India: Bid premium rises at WCL’s spot coal auction in Nov’22

Dec 1, 2022

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by

Shastu

in Non Coking

Western Coalfields Ltd (WCL), a subsidiary of Coal India Ltd (CIL), had conducted an auction for 271,370 t of coal on 18 Nov. Almost the entire quantity was booked at a price realisation of INR 6,459/t, fetching a premium of 193% over the notified price. However, the bid premium rose from 145% in Oct’22 amid…