The e-auction for eight coal mines will be conducted on September 13 and for two coal mines on September 14, Ministry of Coal added.
Higher international coal prices have helped the state-owned entity reap record profits from e-auctions
Investors should watch out for e-auction premium and higher volume offtake
E-auction volumes and premium are the key things to watch at Coal India
The key risk for CIL remains an offer for sale (OFS), given that the government holds 66.13 percent stake as on 30 June 2020
We should thus give Coal and Power Minister Piyush Goyal two cheers for the success of the first two coal auctions. The third one can wait till he changes the terms for bidding in future auctions to bring in even higher levels of transparency.
The government of India needs to take steps to protect the domestic steel producers, says Ravi Uppal, MD & CEO, Jindal Steel & Power Limited.
The Planning Commission too is thinking of curbing down the amount of coal offered for e- auctioning to Coal India (CIL), reports CNBC-TV18’s Mehak Kasbekar quoting sources.