E-auction volume and realisation price are key drivers of
The company commanded an average e-auction rate of Rs 2,411 per tonne, a sharp decline of about 35 per cent from April-June 2023, when it was Rs 3,740 per tonne.
An analyst said in the April-June period of 2023, the demand had exceeded supply from the
The average realisation also slipped on Fuel Supply Agreement (
Majority of the FSA coal is supplied to the power sector at an affordable price under long-term fuel supply agreements. Over 85 per cent of the coal goes through the FSA sales route.
Meanwhile, Coal India reported a 4 per cent rise in consolidated net profit to Rs 10,943 crore for the first quarter ended June 2024 against Rs 10,498 crore in the year-ago period.
Revenue from operations expanded marginally to Rs 36,465 crore in Q1FY'25 as against Rs 35,983 crore in the corresponding period last year.