{"id":350100,"date":"2020-05-07T10:35:46","date_gmt":"2020-05-07T05:05:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350100"},"modified":"2020-05-07T11:10:34","modified_gmt":"2020-05-07T05:40:34","slug":"few-takers-for-cil-coal-despite-lower-floor-price-at-e-auction","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/few-takers-for-cil-coal-despite-lower-floor-price-at-e-auction\/","title":{"rendered":"Few takers for CIL coal despite lower floor price at e-auction"},"content":{"rendered":"<p>Kolkata: Coal India\u2019s efforts to liquidate its all-time high stock by lowering floor price for e-auction and attempts to sell to coal importers has found only a few takers. <\/p>\n<p>It planned to auction 60 per cent of its 75 million tonnes inventory by May-June following which four subsidiaries planned to offer 46 million tonnes under different e-auction schemes. Coal India reduced floor price for bidding from 20-30 per cent above notified price to the notified prices and bulk of the offer was to be for auctions allowing consumers to lift booked quantities over several months. <\/p>\n<p>However, at a recently-held special forward auction conducted by subsidiary South Eastern Coalfields, only 11 per cent of 3.8 million tonnes on offer was booked at floor price by only three consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kolkata: Coal India\u2019s efforts to liquidate its all-time high stock by lowering floor price for e-auction and attempts to sell to coal importers has found only a few takers. It planned to auction 60 per cent of its 75 million tonnes inventory by May-June following which four subsidiaries planned to offer 46 million tonnes under different e-auction schemes. Coal India reduced floor price for bidding from 20-30 per cent above notified price to the notified prices and bulk of the offer was to be for auctions allowing consumers to lift booked quantities over several months. However, at a recently-held special [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-350100","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=350100"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350100\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}