G11 grade coal sees very strong demand in May e-auction
04 Jun 2014
June 4: Very strong demand was witnessed for G-11 grade coal (GCV range 4,001 and 4,300 Kcal/kg) 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.
However, demand in April seemed to be fair as out of 465,000 tons offered by two subsidiaries of CIL, 449,670 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,942/ton.
In March, out of 1,030,000 tons offered by three subsidiaries of CIL, 1,020,350 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,661/ton.
Following are the details of e-auction of G11 grade coal in May 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) |
Average Price in Rs/Mt |
% Increase over Notified Price (%) |
% Increase Over Reserve Price (%) |
4001-4300 |
G11 |
- 100 mm |
MCL |
26-May-14 |
Basundhara |
Road |
250,000 |
250,000 |
950 |
1,140 |
1,826 |
92 |
60 |
4001-4300 |
G11 |
- 100 mm |
MCL |
26-May-14 |
Kulda |
Road |
250,000 |
250,000 |
950 |
1,140 |
1,867 |
96 |
64 |
4001-4300 |
G11 |
- 100 mm |
MCL |
26-May-14 |
Chhendipada |
Road |
50,000 |
50,000 |
950 |
1,140 |
1,512 |
59 |
33 |
4001-4300 |
G11 |
ROM |
SECL |
28-May-14 |
Kusmunda OC (Stock) |
Road |
5,000 |
5,000 |
950 |
1,140 |
2,233 |
135 |
96 |
4001-4300 Total |
555,000 |
555,000 |