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Coal news and updates

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

03 Apr 2014

April 3: Good demand was witnessed for G-11 grade coal (GCV range 4,001 and 4,300 Kcal/kg) during March as 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.

However, during 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.

In January, out of 515,500 tons offered by two subsidiaries of CIL, 505,480 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,826/ton.

Following are the details of e-auction of G11 grade coal in March 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)

Reserve Price (Rs./t)

Notified Price (Rs./t)

Average Price in Rs/Mt

% Increase Over Reserve Price (%)

% Increase over Notified Price (%)

4001-4300

G11

ROM

SECL

14-Mar-14

Kusmunda OC (Stock)

Road

65,000

65,000

1,140

950

1,861.15

63

96

4001-4300

G11

ROM

SECL

15-Mar-14

Gevra OC(Stock)

Road

250,000

250,000

1,140

950

1,901.70

67

100

4001-4300

G11

ROM

SECL

15-Mar-14

Gevra OC (Bunker)

Road

150,000

150,000

1,140

950

2,059.13

81

117

4001-4300

G11

 

CCL

20-Mar-14

PIPARWAR W.REJECTS

Road

40,000

40,000

1,140

950

1,290.08

13

36

4001-4300

G11

 

CCL

20-Mar-14

KEDLA W. REJECTS

Road

10,000

10,000

1,140

950

1,422.28

25

50

4001-4300

G11

 

CCL

20-Mar-14

GIDI W REJECTS

Road

15,000

5,350

1,140

950

1,140.00

-

20

4001-4300

G11

- 100mm

MCL

21-Mar-14

Basundhara

Road

200,000

200,000

1,140

950

1,496.49

31

58

4001-4300

G11

- 100mm

MCL

21-Mar-14

Kulda

Road

300,000

300,000

1,140

950

1,393.38

22

47

4001-4300 Total

           

1,030,000

1,020,350