Coal news and updates

G12 grade sees no offers in Feb on other platform

 There was no offer for G12 grade (GCV 3,701 to 4,000 Kcal/kg) coal offered by CIL subsidiaries through the e-auction platform of MSTC in February 2016, as per data available with ICMW.

However, very strong demand was witnessed in January 2016 for G12 grade (GCV 3,701 to 4,000 Kcal/kg) coal offered by CIL subsidiaries through MSTC as out of the entire offered quantity of 1,075,000 tons, 868,930 tons got allotted at a weighted average price of Rs 1,153 per ton, as per data available with ICMW.

Similarly, very strong demand was witnessed in December 2015 for G12 grade offered by CIL subsidiaries through MSTC as the entire offered quantity of 780,000 tons got allotted at a weighted average price of Rs 1,199 per ton.