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Coal India’s arm slashes coal auction floor price for specific mines

04 Apr 2020 Evaluate
Coal India’s subsidiary -- Western Coalfields (WCL) has slashed the coal auction floor price of specific mines by 10 per cent. With an effort to provide coal at cheaper price to consumers during the current Covid-19 pandemic, the reduced auction price will be applicable for coal from 'mine specific source' for all auctions to be conducted by WCL in April 2020.

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.
Peers
Company Name CMP
Coal India 389.45
NMDC 67.21
Ashapura Minechem 409.00
Sandur Manganese 162.00
GMDC 412.20
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