Coal India benefited from the robust demand during the December quarter (Q3). Strong demand, from both power and non-power sectors, pushed up realisations of coal sold under fuel supply agreement or FSA (where prices are pre-determined) as well as those through e-auctions (market determined pricing).
However, overall volume growth remained tepid. The mere single-digit year-on-year increase in volumes in Q3 also meant that after meeting obligations for supplies under the FSA, not much was left for e-auction sales. The sales mix suffered with 37 per cent year-on-year decline in e-auction ...
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