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CIL’s coal allotment via spot e-auction up 7.71% in Apr m-o-m

06 Jun 2014

June 6: The total allotment of coal offered by various subsidiaries of CIL through the spot e-auction route in April, rose 7.71% to 5.59 mt as compared to 5.19 mt allotted in March, according to provisional data available with ICMW.

The premium earned over the notified price in April stood at 53.17% over the notified price.

The quantity of coal allotted through the spot e-auction route during the various months is as follows:

February 2014: 6.22 mt
January 2014: 6.25 mt
December 2013: 5.64 mt
November 2013: 5.38 mt
October 2013: 5.37 mt
September 2013: 4.44 mt
August 2013: 4.36 mt
July 2013: 4.01 mt
June 2013: 4.51 mt
May 2013: 3.55 mt
April 2013: 3.22 mt

Coal offerings were as follows:
April 2014: 5.85 mt,
March 2014: 5.99 mt
February 2014: 7.43 mt
January 2014: 7.39 mt.
December 2013: 6.92 mt
November 2013: 6.68 mt,
October 2013: 6.22 mt,
September 2013: 4.93 mt,
August 2013: 5.64 mt,
July 2013: 4.55 mt,
June 2013: 5.31 mt,
May 2013: 4.14 mt May
April 2013: 3.67 mt

In April, the bid price of the allocated quantity stood at Rs 1,256.79 crore which was a 53.17% premium over the notified price of Rs 820.49 crore.

The total allotment of coal through spot e-auction during 2013-14 stood at 58.13 mt whereas the offered quantity stood at 68.86 mt, which means nearly 84.42% of the offered quantity was allotted.

The bid price of the allotted quantity during fiscal 2013-14 stood at Rs 12,767.06 crore which was 37.56% higher than the notified price of Rs 9,281.04 crore.

In 2012-13, allotment through spot e-auction stood at 44.26 mt while the offered quantity was 52.43 mt. The bid price of the allotted quantity stood at Rs 11,148.52 crore, which was 49.92% higher compared to the notified price of Rs 7,436.55 crore.

The following table contains the quantity of coal (provisional data) allotted by CIL via the spot e-auction route during 2013-14 and 2012-13:

 

2014-15

2013-14

2012-13

Month

Qty offered (In tons)

Qty allotted(In tons)

Premium earned over notified price (In %)

Qty offered (In tons)

Qty allotted(In tons)

Premium earned over notified price (In %)

Qty offered (In tons)

Qty allotted(In tons)

Premium earned over notified price (In %)

April

5.85

5.59

53.17

3.67

3.22

40.9

3.83

3.47

69.7

May

 

 

 

4.14

3.55

47.8

4.51

4.07

68.9

June

 

 

 

5.31

4.51

45.6

3.66

3.35

53.9

July

 

 

 

4.55

4.01

29.11

3.49

2.87

44.05

August

 

 

 

5.64

4.36

32.3

3.57

2.81

48.22

September

 

 

 

4.93

4.44

30.79

3.3

2.96

59.91

October

 

 

 

6.22

5.37

37.57

3.36

3

66.39

November

 

 

 

6.68

5.38

32.21

5.15

4.49

49.5

December

 

 

 

6.92

5.64

36.27

5.79

3.88

33.8

January

 

 

 

7.39

6.25

38.88

6.3

5.02

42.48

February

 

 

 

7.43

6.22

36.75

7.78

6.54

51.7

March

 

 

 

5.99

5.19

46.78

5.93

4.52

36.4

Total April-March

5.85

5.59

53.17

68.86

58.12

37.56

52.43

44.26

49.9

# Figures may not tally due to revision in data made by CIL for prior period.