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G-7 grade coal attracts good demand at February e-auction

26 Mar 2014

March 26: Good demand was witnessed for G-7 grade (GCV ranging from 5,201 to 5,500 Kcal/kg) coal offered by four subsidiaries of CIL for allotment through the MSTC platform during the month of February 2014 as out of 256,360 tons offered, 230,940 tons got allotted at the e-auction at a weighted average price of Rs 2,507 per ton.

However, no demand was witnessed for G-7 grade coal offered by CCL for allotment through the MSTC platform during the month of January 2014 as 8,000 tons offered failed to attract at any bid at the e-auction.

However, there was good demand for G-7 grade coal offered by CCL and NCL for allotment through the MSTC platform during the month of December 2013 as out of the 358,460 tons offered, 350,460 tons got allotted.

Following are the details of G7 grade coal e-auction in February 2014:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Allotted Qty (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 (%)

5201-5500

G7

n

CCL

26-Feb-14

ROAD

CSC BELTHARWA (MP) (PL)

6,200

-

         

5201-5500

G7

n

CCL

26-Feb-14

ROAD

GIDI-C

18,200

11,660

2,070

2,484

2,484

20

-

5201-5500

G7

n

CCL

26-Feb-14

ROAD

RAJRAPPA-SLURRY

20,000

15,740

1,890

2,268

2,268

20

0

5201-5500

G7

n

CCL

26-Feb-14

ROAD

KATHARA W. SLURRY

5,000

2,280

1,890

2,268

2,268

20

-

5201-5500

G7

STM

BCCL

21-Feb-14

ROAD

DAMAGORIA CHAPTORIA OCP

50,000

44,300

2,070

2,484

2,485

20

0

5201-5500

G7

STM

WCL

18-Feb-14

ROAD

MANA

300

300

2,450

2,940

4,042

65

37

5201-5500

G7

STM

WCL

18-Feb-14

ROAD

NANDGAON

900

900

2,475

2,970

3,818

54

29

5201-5500

G7

ROM

NCL

20-Feb-14

RAIL

Jayant

155,760

155,760

1,890

2,268

2,533

34

12

             

256,360

230,940