Coal India’s realisation from e-auctions rose

Coal India’s realisation from e-auctions rose
12/06/2018 , by , in ALLIED

uring the March quarter, Coal India’s average realisation from e-auctions has jumped 31% and 20% for FY18 on higher demand and international prices.

However, its realisation from sales through fuel supply agreements rose only 2% in the quarter from a year ago, but was up 19% from the preceding three months after the company raised prices. For the full fiscal year, price realised from fuel sales agreements fell about 3% as it had to deliver more coal to power plants to meet additional demand. This fetches a lower price than e-auctions.

It is believed by analysts that the trend is likely to continue this fiscal also.

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