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G-1 grade coal sees good demand at Feb spot e-auction

05 Mar 2014

March 5: Good demand was witnessed for G-1 grade coal (GCV above 7,000 Kcal/Kg) coal offered by NECL of Coal India Limited (CIL) for allotment through the e-auction of coaljunction during February, 2013 as out of 42,500 tons offered, 37,300 tons got allotted at a weighted average price of Rs 5,972 per ton.

During the previous month, no such coal was offered.

Following are the details:

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 (%)

>7000

G1

ROM

NEC

13-Feb-14

Ledo OCP

Road

      10,000

          4,830

            5,470

          5,470

             5,470

                      -  

                      -  

>7000

G1

ROM

NEC

13-Feb-14

Tirap

Road

       5,000

          5,000

            5,770

          5,770

             5,771

                        0

                        0

>7000

G1

ROM

NEC

13-Feb-14

Tirap

Rail

      27,500

        27,500

            5,770

          5,770

             6,098

                        6

                        6

>7000 Total

 

 

 

 

 

 

42,500

37,330