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G-2 grade coal sees very strong demand in March e-auction

02 Apr 2014

April 2: G-2 grade coal (GCV ranging from 6,701-7,000 Kcal/Kg) offered by NECL of Coal India Limited (CIL) for allotment on the e-auction platform of coaljunction during March 2014 met with very strong demand as the entire offering of 8,250 tons got allotted.

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

During January, no such coal was offered for allotment.

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)

Reserve Price (Rs./t)

Notified Price (Rs./t)

Average Price in Rs/Mt

% Increase Over Reserve Price (%)

% Increase over Notified Price (%)

6701-7000

G2

ROM

NEC

21-Mar-14

Tikak

Rail

8,250

8,250

4,870.00

4,870.00

5,076.67

4

4

6701-7000 Total

 

 

 

 

 

 

8,250

8,250