India: RINL concludes successful coal tar auction with strategic price reset

RINL Vizag Steel successfully auctioned 840 t of crude coal tar on 2 May'26 at a weighted average price of INR 51,000/t. In the previous auction held on 28 April 2026, no bids were received due to a higher base price of INR 57,000/t, prompting the company to reschedule the auction.