APMDC Suliyari coal upcoming auction 1,50,000 MT for MP MSME on 2nd Dec 2024 @ SBP INR 2516/- per MT
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New UserAverage realisation of coal e-auction declines in 2016-17
22 Mar 2017
The average realisation from electronic auction of coal has registered a
decline in the ongoing fiscal.
"During the current financial year, average realisation from eauction of coal has dipped," Coal and Power Minister Piyush Goyal said in a
written reply to the Rajya Sabha.
The figure for the first quarter of 201617 had come down to Rs 1,570 per tonne compared to Rs 2,184 a year ago, Goyal said.
Bid prices are mainly determined by market forces, the minister said, adding that the available quantity of coal and demand of fossil fuel in
the economy are the factors in question.
The Cabinet Committee on Economic Affairs had earlier approved allocation of coal linkages for nonregulated sector only through the
auction route to ensure transparency.
Prior to the Cabinet's approval, the Standing Linkage Committee had been deciding on allocation of longterm and shortterm linkages for
sectors, including power and steel.
Source: Economic Times