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Coal India likely to hike e-auction prices

Updated : June 04, 2021 23:54:26 IST

Coal India is likely to consider raising reserve price for forthcoming coal e-auctions.

CNBC-TV18 learnt from sources that the decision to raise price for coal is due to rise in international prices and strong demand.

Coal India as a company sells coal via fuel supply agreement (FSA) and via e-auction. E-auction, though small, is a more profitable part of business for the company.

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