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G-2 grade coal fails to attract bid at April e-auction

06 May 2014

May 6: G-2 grade coal (GCV ranging from 6,701-7,000 Kcal/Kg) offered by BCCL of Coal India Limited (CIL) for allotment on the e-auction platform of coaljunction during April 2014 met with poor demand as the entire offering of 9,000 tons failed to attract any bid during the month.

However, in March 2014, G-2 grade coal met with very strong demand as the entire offering of 8,250 tons got allotted during the month.

During February 2014, G-2 grade coal offered by NEC of CIL for allotment on the e-auction platform of coaljunction failed to attract any bid.

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)

Notified Price (Rs./t)

Reserve Price (Rs./t)

Average Price in Rs/Mt

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

6701-7000

G2

STM

BCCL

21-Apr-14

East Bassuriya

ROAD

5,000

No Bid

5,050

5,050

NA

 

 

6701-7000

G2

STM

BCCL

21-Apr-14

Godhur

ROAD

4,000

No Bid

5,050

5,050

NA

 

 

6701-7000 Total

 

 

 

 

 

 

9,000

0