Improved offtake from power sector crucial for driving Coal India's volumes
E-auction premiums have improved to 12.3% compared to 9% seen in September. Though the premiums have improved, these are still much lower than about 30% average premiums seen during the same period last year
Coal India Ltd, which had seen some uptick in sales volumes during the last few months, has failed to impress the Street with its December sales numbers. Sales volumes declined 2.1% year-on-year, albeit on a high base.
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