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Coking coal sees good demand at e-auction in Feb

05 Mar 2014

March 5: Washery grade coking coal (W3 and W4) offered on the e-auction platform conducted by coaljunction for Coal India Ltd (CIL) subsidiaries during February 2014 met with good demand as out of 421,100 tons offered, 366,130 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 2,936/ton.

However, in January 2014 too, the offering met with good demand as out of 469,300 tons offered, 363,130 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 3,119/ton.

In December 2013 also, the offering met with good demand as out of 250,150 tons offered, 197,260 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 3,454/ton.

Following are the details of e-auction of coking coal in February:

GCV Range

Grade / GCV Band

Size

Name of the Company

e-Auction Date

Ex Location

Mode of Despatch

Quantity Offered (t)

Quantity Allotted (t)

Reserve Price (Rs./t)

Notified Price (Rs./t)

Average Price in Rs/Mt

 % Increase Over Reserve Price (%)

 % Increase over Notified Price (%)

W3

 

STM

BCCL

24-Feb-14

Muraidih SSY

Road

       3,000

          2,700

            2,535

          1,950

             2,540

                        0

                      30

W3

 

STM

BCCL

24-Feb-14

Nudkhurkee SSY

Road

       7,000

          7,000

            2,535

          1,950

             3,094

                      22

                      59

W3

 

STM

BCCL

24-Feb-14

Benedih SSY

Road

       7,000

          7,000

            2,535

          1,950

             3,038

                      20

                      56

W3

 

STM

BCCL

24-Feb-14

Nichitpur SSY

Road

       5,000

          5,000

            2,535

          1,950

             3,144

                      24

                      61

W3

 

STM

BCCL

24-Feb-14

Tetulmari

Road

       7,000

          7,000

            2,535

          1,950

             3,735

                      47

                      92

W3

 

ROM

BCCL

24-Feb-14

Kusunda OCP

Road

      70,000

        70,000

            2,301

          1,770

             3,004

                      31

                      70

W3

 

ROM

BCCL

24-Feb-14

Dhansar

Road

      25,000

        24,650

            2,301

          1,770

             2,305

                        0

                      30

W3

 

ROM

BCCL

24-Feb-14

Godhur

Road

      10,000

          1,450

            2,301

          1,770

             2,303

                        0

                      30

W3

 

STM

BCCL

24-Feb-14

Bastacolla SSY

Road

       2,000

          2,000

            2,535

          1,950

             3,383

                      33

                      73

W3

 

STM

BCCL

24-Feb-14

Dobari SSY

Road

       8,000

          6,950

            2,535

          1,950

             2,537

                        0

                      30

W3

 

STM

BCCL

24-Feb-14

Ghanoodih OCP

Road

      15,000

        12,950

            2,535

          1,950

             2,539

                        0

                      30

W3

 

STM

BCCL

24-Feb-14

South Jharia

Road

      12,000

        12,000

            2,535

          1,950

             3,512

                      39

                      80

W3

 

STM

CCL

28-Feb-14

Govindpur Phase-II

Road

      19,600

        19,600

            2,262

          1,740

             3,012

                      33

                      73

W3

 

STM

CCL

28-Feb-14

JARANGDIH

Road

      20,000

        20,000

            2,262

          1,740

             2,969

                      31

                      71

W3

 

STM

CCL

28-Feb-14

PUNDI

Road

      10,000

        10,000

            2,262

          1,740

             3,551

                      57

                     104

W3

 

ROM

CCL

28-Feb-14

DHORI

Road

       1,000

          1,000

            2,262

          1,740

             4,001

                      77

                     130

W3

 

ROM

CCL

28-Feb-14

SEL DHORI Q-III

Road

       9,900

          9,900

            2,262

          1,740

             4,052

                      79

                     133

W3

 

STM

CCL

28-Feb-14

PAREJ(E)/ULAHARA

Road

      18,650

        18,650

            2,262

          1,740

             3,844

                      70

                     121

W3

 

STM

CCL

28-Feb-14

TAPIN NORTH

Road

      13,250

        13,250

            2,262

          1,740

             3,681

                      63

                     112

W3

 

STM

CCL

28-Feb-14

KEDLA OCP

Road

      12,000

        12,000

            2,262

          1,740

             4,096

                      81

                     135

W3

 

ROM

CCL

28-Feb-14

PUNDI (SRCC)

Road

      30,000

        19,110

            2,028

          1,560

             2,028

                        0

                      30

W3

 

ROM

CCL

28-Feb-14

ARA (SRCC)

Road

      25,000

 No Bid

            2,028

          1,560

 NA

 

 

W3

 

ROM

CCL

28-Feb-14

TOPA (SRCC)

Road

      35,000

        28,240

            2,028

          1,560

             2,029

                        0

                      30

W3 Total

 

 

 

 

 

 

365,400

310,450

 

 

 

 

 

W4

 

STM

CCL

28-Feb-14

KARO OCP

Road

      13,250

        13,250

            2,132

          1,640

             2,674

                      25

                      63

W4

 

ROM

CCL

28-Feb-14

JHARKHAND OCP

Road

      22,450

        22,450

            1,898

          1,460

             3,193

                      68

                     119

W4

 

STM

CCL

28-Feb-14

KASHMAHAL

Road

      20,000

        19,980

            2,132

          1,640

             2,135

                        0

                      30

W4 Total

 

 

 

 

 

 

55,700

55,680

 

 

 

 

 

Total

 

 

 

 

 

 

421100

366130