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G-2 grade fails to attract bid in May e-auction

24 Jun 2014

June 24: No demand was witnessed for 9,000 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 May 2014, according to information available with ICMW.

However, a strong demand was witnessed for 11,000 tons of G-2 grade coal 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.

On the other hand, 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.

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

STEAM

BCCL

21-May-14

ROAD

EAST BASSURIA

5000

0

 

 

 

 

 

6701-7000

G2

STEAM

BCCL

21-May-14

ROAD

GODHUR

4000

0

 

 

 

 

 

6701-7000 Total

 

 

 

 

 

 

9,000

-