India: RINL receives no bids in latest crude coal tar auction, reschedules sale

Rashtriya Ispat Nigam Limited (RINL) Vizag has rescheduled its auction for 840 t of crude coal tar to 28 Apr'26 after receiving no bids in the auction held on 24 Apr'26. The lack of participation was attributed to the higher base price of INR 57,000/t, which discouraged buyers and impacted overall auction response.