India’s Bharat Coking Coal Limited (BCCL), the wholly-owned operational subsidiary of state-run Coal India Limited (CIL), has tweaked its process of auctioning coking coal to steel producers ensuring greater flexibility and transparency, according to a government statement.
The new auction rules introduce the concept of consortium-based bidding, which allows smaller consumers to collaborate and participate collectively in the auction, broadening the pool of bidders and making the process more accessible, the statement said.
