Coal India discovers 150% premium rates in FY 2021-22 auctions

India’s state-run Coal India offered 35.9 million mt of coal to buyers through spot auctions in fiscal year 2021-22 (April-March) and prices were discovered at 150% over the company’s standard rates, the ministry of coal said in the monthly summary for March to the country’s cabinet secretary April 11. The coal ministry’s monthly summary, reviewed by S&P Global Commodity Insights,…

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