E-auction of coal to be 20% of total production

Details: Category: Overview

Planning commission has increased the quantum of coal sold through e-auction at 20% of total coal production in the country. Through E-auction, anyone can purchase coal at market price, which is 60-70% high above the subsidized price. So, it may not make much impact at current high price. E-Auction will find takers, when there is slim margin between subsidized price and market price.

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