CIL gets high premium from e-auction sales to coal importers
Coal India’s (CIL) special spot e-auction meant exclusively for coal importers fetched the company a 52% add-on over the notified price for the April-June period this fiscal, owing to soaring international prices that touched an average $146 per tonne across categories as of Thursday.
Almost the entire 1.6 million tonne offered to coal importers in July was booked, giving an impetus to CIL to offer more quantity in this category.
