Power producers book 87% CIL coal in first 10 days of bids

Captive power producers booked 87% of coal on offer by Coal India (CIL) at an average premium of 21.54% in the first 10 days of an auction that offered five-year supply contract through e-auction.

The auction offering 17 million tonne (mt) ends next week. Till now, the public sector fuel supplier offered 12.66 mt from its seven coal producing subsidiaries, of which some 11mt has been booked. Of this, some 9.38 mt was booked at premiums ranging between 1% on the lower side and  ..

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