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).
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