Coal IndiaNSE 0.52 % will offer 60-70 million tonnes (MT) of coal in spot and forward auction markets this year. Despite being a little lower than last year’s offerings, premiums on auctions are expected to remain soft as the company has decided to increase contracted supplies and international coal prices have started to soften.
The dry fuel supplier has also decided to offer an additional 70-80 MT of long-term supply contracts through auctions to the non-power sector. This may additionally help soften demand in the auction market and reduce pressure on spot auctions, bringing down premiums.
