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G-1 grade coal fails to attract demand in May e-auction

24 Jun 2014

June 24: No demand was witnessed for G-1 grade coal (GCV above 7,000 Kcal/kg) offered for allotment via the e-auction platform of MSTC during May 2014 as the entire quantity of 10,000 tons of coal failed to attract any demand during the month.

However, good demand was witnessed for G-1 grade coal offered for allotment via the e-auction platform of MSTC during April 2014 as out of 26,500 tons offered, 19,140 tons got allotted at a weighted average price of Rs 6,200 per ton.

A fair demand was also witnessed for G-1 grade coal offered for allotment via the e-auction platform of MSTC during March 2014 as out of 69,250 tons offered, 45,790 tons got allotted at a weighted average price of Rs 5,404 per ton.

Following are the details of e-auction of G-1 grade coal in May 2014:


GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Alloted (In tons)

(ANP) Average Notified Price (in Rs)

(ARP) Average Reserve Price (In Rs)

(AAP) Average Auctioned Price (in Rs)

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

>7000

G1

STEAM

BCCL

21-May-14

ROAD

DHANSAR

10000

0

 

 

 

 

 

>7000 Total

 

 

 

 

 

 

10,000

-