Coal India has managed to command a 82% premium over notified prices for coal sold through spot e-auctions conducted during September. For the period April-September, the company managed to command a premium of 67% over its notified prices on an average.
At special forward e-auction for the power sector, Coal India managed to sell coal at a premium of 27% over notified prices in September. For the April-September period, the company managed to command average premium of 32% over notified prices.
There were no exclusive auction for the non-power sector.
Nevertheless, Coal India has decided to ramp up auction offerings by 14% during the current fiscal against the previous year when similar supplies declined 5%. This year Coal India has decided to auction 137 million tonnes of coal which would include long term supply contract auctions, spot e-auctions and forward e-auctions.
