Coal India has reported 31% growth in average realisation from e-auctions during the March quarter and 20% growth for FY18 on higher demand and international prices. However, its realisation from sales through fuel supply agreements gained marginally by 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.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
