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Coal news and updates

G-11 grade coal sees good demand in April e-auction

07 May 2014

May 7: Good demand was witnessed for G-11 grade coal (GCV range 4,001 and 4,300 Kcal/kg) during April as out of 465,000 tons offered by two subsidiaries of CIL, 449,670 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,942/ton.

However, during March, out of 1,030,000 tons offered by three subsidiaries of CIL, 1,020,350 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,661/ton.

In February, out of 1,230,000 tons offered by two subsidiaries of CIL, 903,350 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,583/ton.

Following are the details of e-auction of G11 grade coal in April 2014:

GCV Range

Grade / GCV Band

Size

Name of the Company

e-Auction Date

Ex Location

Mode of Despatch

Quantity Offered(t)

Quantity Allotted(t)

Notified Price (Rs./t)

Reserve Price (Rs./t)

Average Price in Rs/Mt

 % Increase over Notified Price (%)

 % Increase Over Reserve Price (%)

4001-4300

G11

Sized ROM

SECL

16-Apr-14

Gevra OC(Stock) 

ROAD

    250,000

     250,000

          950

       1,140

       1,904

         100

            67

4001-4300

G11

Sized ROM (-100 mm)

SECL

16-Apr-14

Gevra OC (Bunker) 

ROAD

    150,000

     150,000

          950

       1,140

       2,216

         133

            94

4001-4300

G11

 

CCL

30-Apr-14

PIPARWAR W.REJECTS

ROAD

      40,000

       40,000

          950

       1,140

       1,346

           42

            18

4001-4300

G11

 

CCL

30-Apr-14

KEDLA W. REJECTS

ROAD

      10,000

         5,150

          950

       1,140

       1,140

           20

            -  

4001-4300

G11

 

CCL

30-Apr-14

GIDI W REJECTS

ROAD

      15,000

         4,520

          950

       1,140

       1,140

           20

            -  

4001-4300 Total

 

 

 

 

 

 

465,000

449,670