Coal news and updates

No offer for G1 grade in April e-auction on other platform

There were no offers for G1 grade (GCV above 7,000 Kcal/kg) coal by CIL for allotment through MSTC in April 2016, as per data available with ICMW.

However, poor demand was witnessed for G1 grade coal offered by CIL for allotment through this platform in March 2016 as out of 43,000 tons offered, only 200 tons got allotted at a weighted average price of Rs 5,770 per ton.