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G-13 grade coal sees very strong demand in Dec e-auction

03 Jan 2014

January 3: Very strong demand was witnessed for G13 (GCV between 3,400 and 3,700 Kcal/kg) grade coal offered in the e-auctions conducted on the coaljunction platform during December 2013 as the entire offered quantity of 280,000 tons got allotted during the month. The weighted average price of the allotted quantity during the month stood at Rs 1,567/ton.

In November 2013, good demand was witnessed for G13 (GCV between 3,400 and 3,700 Kcal/kg) grade coal offered in the e-auctions conducted on the coaljunction platform as 340,000 tons of the offered quantity of 341,269 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 1,280/ton.

However, this grade was not offered in October.

Following are the details of e-auction of G13 grade in December 2013:

GCV Range

Grade / GCV Band

Size

Name of the company

e-Auction Date

Ex Location

Mode of Despatch

Quantity Offered (t)

Quantity Allottcd (t)

Reserve Price (Rs./t)

Notified Price (Rs./t)

Average Price in Rs/Mt

% Increase Over Reserve Price (%)

% Increase over Notified Price (%)

3401-3700

G13

- 100mm

MCL

30-Dec-13

Lakhanpur

Road

150,000

150,000

984

820

1,519

54

85

3401-3700

G13

- 100mm

MCL

30-Dec-13

Belpahar

Road

130,000

130,000

984

820

1,624

65

98

Total

           

280,000

280,000