{"id":542582,"date":"2022-12-13T09:24:41","date_gmt":"2022-12-13T03:54:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=542582"},"modified":"2022-12-13T09:46:37","modified_gmt":"2022-12-13T04:16:37","slug":"higher-output-could-boost-coal-indias-spot-sales-says-pramod-agrawal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/higher-output-could-boost-coal-indias-spot-sales-says-pramod-agrawal\/","title":{"rendered":"Higher output could boost Coal India&#8217;s spot sales, says Pramod Agrawal"},"content":{"rendered":"<p>Coal India will increase spot auctions of the fuel in the coming months, the chairman of the world&#8217;s biggest coal miner said on Monday, as the company&#8217;s rising output has left them with enough fuel to meet increasing demand from non-utility power plants. <\/p>\n<p>An increase in spot auction sales, which offer higher margins than its mainstay long-term contracts, will help Coal India to build off its record profit from this year and maintain a share price, which has climbed 25% since April and outpaced a 5.9% rise in the broader Nifty index. <\/p>\n<p>Non-utility power plants refers to those that don&#8217;t have long-term contracts, or that operate only for in-house consumption by industries such as aluminium smelters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coal India will increase spot auctions of the fuel in the coming months, the chairman of the world&#8217;s biggest coal miner said on Monday, as the company&#8217;s rising output has left them with enough fuel to meet increasing demand from non-utility power plants. An increase in spot auction sales, which offer higher margins than its mainstay long-term contracts, will help Coal India to build off its record profit from this year and maintain a share price, which has climbed 25% since April and outpaced a 5.9% rise in the broader Nifty index. Non-utility power plants refers to those that don&#8217;t [&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":[135,170,130],"tags":[],"class_list":["post-542582","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-coal-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/542582","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=542582"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/542582\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=542582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=542582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=542582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}