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G-7 grade coal attracts moderate demand in Apr e-auction

28 May 2014

May 28: Moderate 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 April 2014 as out of 75,000 tons offered, 51,940 tons got allotted at a weighted average price of Rs 2,694 per ton.

However, moderate demand was witnessed for G-7 grade coal offered by two subsidiaries of CIL for allotment through the MSTC platform during March 2014 as out of 66,940 tons offered, 33,510 tons got allotted at a weighted average price of Rs 2,600 per ton.

On the other hand, good demand was witnessed for G-7 grade coal offered by four subsidiaries of CIL for allotment through the MSTC platform during 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.

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

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Alloted (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

28-Apr-14

ROAD

GIRIDIH

10,000

10,000

2,070

2,484

2,506

21

1

5201-5500

G7

n

CCL

28-Apr-14

ROAD

GIDI-C

10,000

4,670

2,070

2,484

2,484

20

0

5201-5500

G7

n

CCL

28-Apr-14

ROAD

CSC BELTHARWA (MP) (PL)

15,000

-

         

5201-5500

G7

SLACK

WCL

29-Apr-14

ROAD

TAWA - II

3,000

2,960

2,290

2,748

3,796

66

38

5201-5500

G7

SLACK

WCL

29-Apr-14

ROAD

TAWA

4,000

1,510

2,290

2,748

2,748

20

0

5201-5500

G7

SLK

SECL

11-Apr-14

ROAD

Bangwar UG (Bunker)

12,000

11,800

1,910

2,292

2,292

20

-

5201-5500

G7

STM

SECL

11-Apr-14

ROAD

Bangwar UG (Bunker)

1,000

1,000

2,070

2,484

3,167

53

27

5201-5500

G7

STM

BCCL

22-Apr-14

ROAD

DAMAGORIA CHAPTORIA OCP

20,000

20,000

2,070

2,484

2,884

39

16

5201-5500 Total

           

75,000

51,940