Coal India E-auction revenue falls 7% to Rs 5,589 crore in Q1FY25 amid higher sales

E-auction volume and realisation price are key drivers of profitability for the miner. 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 power sector due to high electricity demand and strong global prices for the dry fuel led to better prices from the e-auction for Coal India in the.