No takers for 45% fuel at CIL auction, 8.5% premium for rest
Kolkata: Coal IndiaNSE -0.75 % found no takers for about 45% of fuel offered for annual supply at an auction last week, while the rest fetched an average premium of 8.5% over notified prices. Coal was offered to plants without fuel supply contracts or power purchase agreements (PPAs).
“Premiums registered at the Shakti B(III) auction were far lower than what Coal India fetches at regular spot or forward e-auctions, which has been hovering around 30%,” said a senior Coal India executive.
