Coal India’s (CIL’s) second-quarter (Q2) 2023-24 (FY24) revenue increased by 10 per cent year-on-year (Y-o-Y) to Rs 32,800 crore, driven by higher volumes and fuel supply agreement (FSA) realisation.
The blended average selling price (ASP) was down 3 per cent Y-o-Y at Rs 1,726 per tonne, but the FSA ASP was up 9 per cent Y-o-Y at Rs 1,542 per tonne, while the e-auction ASP declined by 53 per cent Y-o-Y to Rs 2,828 per tonne.
Although the e-auction premium cooled off, it is still above its historical average at around 83 per cent, and it is expected to stay