Coal India sold 7 million tonnes of coal, or 35 per cent of the quantity on offer in an e-auction, at a floor price that was 20 per cent higher than listed prices for non-power users. Traders as well as power producers with or without supply commitments from Coal India were allowed to bid in the auction. State-owned Coal India has sold about 70 million tonnes of coal through spot and forward e-auctions in the first seven months of this financial year. It plans to sell another 50 million tonnes in the remaining five months, for a total of 120 million tonnes through this route.
Contact: Coal India
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