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G11 grade coal sees good demand in February e-auction

06 Mar 2014

March 6: Good demand was witnessed for G11 grade coal (GCV range 4,001 and 4,300 Kcal/kg) during February as out of 1,230,000 tons offered by two subsidiaries of CIL, 903,350 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,583/ton.

However, during January, out of 515,500 tons offered by two subsidiaries of CIL, 505,480 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,826/ton.

In December, out of 1,230,000 tons offered by three subsidiaries of CIL, 1,068,980 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,443/ton.

Following are the details of e-auction of G11 grade coal in February 2014:

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 (%)

4001-4300

G11

ROM

SECL

10-Feb-14

Gevra OC(Stock)

Road

    250,000

       250,000

            1,140

             950

             1,821

                      60

                      92

4001-4300

G11

ROM

SECL

10-Feb-14

Gevra OC (Bunker)

Road

    250,000

       250,000

            1,140

             950

             1,914

                      68

                     101

4001-4300

G11

ROM

SECL

13-Feb-14

Kusmunda OC (Stock)

Road

      50,000

        50,000

            1,140

             950

             1,866

                      64

                      96

4001-4300

G11

100mm

MCL

19-Feb-14

Basundhara

Road

    250,000

       201,100

            1,140

             950

             1,140

                        0

                      20

4001-4300

G11

100mm

MCL

19-Feb-14

Kulda

Road

    350,000

       128,000

            1,140

             950

             1,140

                      -  

                      20

4001-4300

G11

100mm

MCL

19-Feb-14

Chhendipada

Road

      80,000

        24,250

            1,140

             950

             1,140

                      -  

                      20

4001-4300 Total

 

 

 

 

 

 

1,230,000

903,350