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Coal news and updates

Fair demand for SCCL offer in April e-auction

06 May 2015

May 6:  There was moderate demand for offerings from Singareni Collieries Company Ltd (SCCL) through e-auction in April 2015 on the coaljunction platform.

The company had offered a total of 610,000 tons of coal in April 2015 for sale through coaljunction, out of which the allotted quantity was 221,952 tons.

There was no offer of coal for sale through e-auction from SCCL in February and March 2015 on the coaljunction platform.

The company had offered a total of 747,500 tons through e-auction in January 2015 for sale through coaljunction, as compared to 594,000 tons in December, 2014

The allotted quantity in January rose to 328,395 tons as compared to 280,468 tons in December, according to the data.

The total offered and allocated quantities by SCCL on coaljunction’s platform in 2014-15 stood at 3.02 mt and 1.91 mt as compared to 1.93 mt and 1.58 mt respectively in 2013-14

Following table provides details of SCCL offering and allotment on coaljunction in 2013-14 and 2014-15 and 2015-16:

Month

2015-16

2014-15

2013-14

SCCL

SCCL

SCCL

Qty offered

Qty alloted

Qty offered

Qty allotted

Qty offered

Qty allotted

(in tons)

(in tons)

(in tons)

(in tons)

(in tons)

(in tons)

April

6,10,000

221952

1,44,500

1,16,258

1,85,000

1,51,237

May

 

 

3,02,600

2,43,834

2,32,800

1,93,451

June

 

 

1,91,000

1,86,912

2,16,000

1,55,472

July

 

 

2,11,500

1,70,990

1,00,000

88,789

August

 

 

1,09,000

90,856

82,700

67,871

September

 

 

3,67,000

2,74,623

98,000

90,125

October

 

 

1,85,000

1,33,615

1,28,700

91,450

November

 

 

1,66,000

86,483

92,000

82,000

December

 

 

5,94,000

2,80,468

2,73,000

1,96,285

January

 

 

7,47,500

3,28,395

1,08,000

86,335

February

 

 

Nil

Nil

2,87,000

2,71,338

March

 

 

Nil

Nil

1,31,000

1,03,893

Total

6,10,000

221952

30,18,100

19,12,434

19,34,200

15,78,246