Coal India Ltd.

Coal India’s average premium from e-auction of coal rose to 76% over the average notified price during the third quarter of FY18.

The miner allotted 28.6 million tonne of the fossil fuel in the Q3 period of the current fiscal, marginally lower than the corresponding quarter’s quantity of 28.8 million tonne. October 2017 saw a drop of 40% in coal offering in e-auction platform as there was diversion to power plants owing to sudden rise in demand.

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.