India: MCL lowers coal offering for e-auction sales in May'23

Mahanadi Coalfields Ltd (MCL) has reduced coal quantity offered for sale via e-auction by 22% m-o-m to 1.77 mnt in May'23. The sale will be conducted under single window mode agnostic scheme comprising non-coking coal grades clubbed into nine different clusters. The first round of cluster bidding is scheduled on 26 May'23 while the second round of mode and source selection will be held next day.