The state government-run Odisha Coal and Power Ltd (OCPL) is attempting to sell surplus coal from its mine in eastern India at a discount, according to an auction paperwork published by Times of India, indicating decreasing demand for the fuel in the country.
According to an auction advertisement in the Times of India newspaper on Sunday, OCPL will auction 3 million tonnes of surplus coal for power plants online on October 4 at a 15% discount to the national coal index’s base price.
Between April 1 and August 25, India’s total domestic coal production increased by 7.12% over the previous year to 370 million metric tonnes, according to coal ministry data.
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