South Eastern Coalfields Ltd. (SECL); a Coal India Ltd. subsidiary, have decided to sell 18.72 lakh tonnes of coal through Spot e-Auction. The auction will include Semi-Coking coal and Non-Coking coal products. A total of 20,000 tonnes of Semi-Coking coal and 18.52 lakh tonnes of Non-Coking coal to be offered on September 22, 2020 by Road Mode in e-Auction. The e-Auction shall be conducted by MSTC Ltd.
For other information & details, buyers are advised to visit the respective website of SECL & MSTC. For terms & conditions of Spot e-Auction, buyers are advised to visit the website of Coal India Ltd. (http://coalindia.in). The auction shall be conducted on the floor price; i.e. reserve price for each source/lot. Bid Price shall be expressed in terms of percentage premium over notified price on the date of bidding. Percentage premium will remain constant throughout the lifting period of the particular Spot e-Auction. Details of Notice by SECL can be downloaded below.
