PSU NEWS
WCL slashes E-auction coal price by 20 percent
NAGPUR. Coal India Limited has approved reduction in E-auction coal prices of Western Coalfields Limited (WCL) by 20% of notified price. This substantial reduction will be a boon for consumers of Maharashtra & other neighboring states who were earlier taking coal from other coal companies due to higher price of WCL coal.
These consumers would be able to meet their demand of coal from WCL itself in near future. This has been implemented with immediate effect & consumers will be benefitted from the very next round of E-auction scheduled on 24th May, 2016. This benefit will be for both Forward & Spot E-auction customers.
However, the reduction in coal prices would be 10% of notified price in case of special forward E-auction for power consumers (including CPP- Captive Power Plant) &excusive forward E-auction for non power consumers (including CPP).
Read Also : SAIL DSP and EMD signs agreement with Sentra World
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC