Coal India’s subsidiary — Western Coalfields (WCL) has slashed the coal auction floor price of specific mines by 10 per cent. With an effort to provide coal at cheaper price to consumers during the current Covid-19 pandemic, the reduced auction price will be applicable for coal from ‘mine specific source’ for all auctions to be conducted by WCL in April 2020.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.