Coal news and updates

CIL’s coal allotment at 0.64 mt in May via forward e-auction

June 27: The total allotment of coal offered by various subsidiaries of CIL through the forward e-auction route in May stood at 0.64 mt, according to provisional data available with ICMW.

The premium earned over the notified price in May stood at 16.01% over the notified price.

In May, the bid price of the allocated quantity stood at Rs 186.01 crore which was a 16.01% premium over the notified price of Rs 160.34 crore.

During the previous month, no forward e-auction took place.