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The Economic Times
The Economic Times
Business

CIL's April coal auction quantity drops 6% vs March to 30.5 MT

New Delhi, State-owned CIL, the country's largest coal producer, offered 30.5 million tonnes (MT) of coal through online auctions in April, marking a 6 per cent decline from 32.5 MT in March.

The dip comes against the backdrop of ongoing geopolitical tensions in West Asia, a key oil-producing region, which have spiked global energy prices and prompted power plants to ramp up coal usage for energy security.

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