Surplus Coal Sale: Odisha Coal and Power Offers Discounts
24 Sep 2024
The state government-run Odisha Coal
and Power Ltd (OCPL) is attempting to sell surplus coal from its mine in
eastern India at a discount, according to an auction paperwork published by
Times of India, indicating decreasing demand for the fuel in the country.
According to an auction advertisement
in the Times of India newspaper on Sunday, OCPL will auction 3 million tonnes
of surplus coal for power plants online on October 4 at a 15% discount to the
national coal index’s base price.
Between April 1 and August 25, India’s
total domestic coal production increased by 7.12% over the previous year to 370
million metric tonnes, according to coal ministry data.