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G-2 grade coal sees strong demand in April e-auction

27 May 2014

May 27: A strong demand was witnessed for 11,000 tons of G-2 grade coal (GCV between 6,701 and 7,000 Kcal/kg) offered for allotment via the e-auction platform of MSTC during April 2014 as the entire quantity got allotted during the month at a weighted average price of Rs 4,930 per ton, according to information available with ICMW.

However, no demand was witnessed for 20,750 tons of G-2 grade coal offered for allotment via the e-auction platform of MSTC during March 2014.

During February, no such coal was offered.

Following are the details:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Allotted (In tons)

(ANP)Average Notified Price (in Rs)

(ARP)Average Reserve Price (In Rs)

(AAP) Average Auctioned Price (in Rs)

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

6701-7000

G2

ROM

NEC

16-Apr-14

-

Tikak

11,000

11,000

4,870

4,870

4,930

1

1

6701-7000 Total

 

 

 

 

 

 

11,000

11,000