Coal India plans to offer a mix of 30 million tonnes of thermal and coking coal at its recently announced fourth tranche of long-term supply contract for the non-power sector.
In the auction, the offer price for the coal would be the notified price for the non-power sector. Notified price for non-power is almost 20% higher than price fixed for the power sector.
“Auctions would be held in phases where each phase would be meant for a specific industry and the first one would be for sponge iron sector where around 7 million tonnes of coal is on offer by seven Coal India subsidiaries” said a senior Coal India executive.
This would be followed by offers for other sectors like cement, steel and captive power plants. According to a senior Coal India executive, 25 million tonnes of thermal coal would be on offer under the auction while the rest at 5 million tonnes would be coking coal for metallurgical uses. Read More
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