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Coal news and updates

G11 grade coal sees very good demand in July e-auction

06 Aug 2014

August 6: Very good demand was witnessed for G11 grade coal (GCV range 4,001 and 4,300 Kcal/kg) during July 2014 as out of the 369,000 tons of coal offered, 368,990 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 2,285/ton.

In fact, very strong demand was witnessed for G11 grade coal during June as the entire offered quantity of 3,00,000 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 2,169/ton.

In April, a similar strong demand was witnessed for G11 grade coal during May as the entire offered quantity of 555,000 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,820/ton.

Following are the details of e-auction of G11 grade coal in July 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)

Notified Price (Rs./t)

Reserve Price (Rs./t)

Reserve Price (Rs./t)

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

4001-4300

G11

- 100mm

MCL

23-Jul-14

Basundhara

ROAD

150,000

150,000

950.00

1,140.00

2,217.79

133

95

4001-4300

G11

- 100mm

MCL

23-Jul-14

Kulda

ROAD

150,000

150,000

950.00

1,140.00

2,169.33

128

90

4001-4300

G11

 

CCL

31-Jul-14

PIPARWAR W.REJECTS

ROAD

25,000

25,000

540.00

1,140.00

2,745.04

408

141

4001-4300

G11

 

CCL

31-Jul-14

GIDI W REJECTS

ROAD

15,000

15,000

1,310.00

1,140.00

1,817.50

39

59

4001-4300

G11

 

CCL

31-Jul-14

KEDLA W. REJECTS

ROAD

4,000

4,000

2,699.15

1,140.00

3,670.00

36

222

4001-4300

G11

 

CCL

31-Jul-14

AMRAPALI COAL SALES CENTRE

ROAD

25,000

24,990

2,671.54

1,140.00

2,980.00

12

161

4001-4300 Total

 

 

 

 

 

 

369,000

368,990