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New UserG-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 |
|
|
|
|
|