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G8 coal sees moderate demand in June e-auction

07 Jul 2014

July 7: G8 grade coal (GCV range 4,900-5,200 Kcal/kg) offered by two subsidiaries of CIL met with moderate demand during June 2014 as only 40.26% of the total offered quantity got allotted. The quantity offered during the month stood at 38,400 tons while the total allotted quantity stood at 15,460 tons whereas the weighted average price of the allotted quantity during the month stood at Rs 2,735/ton.

However, G8 grade coal offered by three subsidiaries of CIL met with good demand during May 2014 as 93.94% of the total offered quantity got allotted. Quantity offered during the month stood at 174,000 tons while the total allotted quantity stood at 163,450 tons in May whereas the weighted average price of the allotted quantity during the month stood at Rs 2,460/ton.

During April 2014, the quantity offered stood at 117,680 tons while the total allotted quantity stood at 89,159 tons. During the month, the weighted average price of the allotted quantity stood at Rs 2,691/ton.

Following are the details of the e-auction of G8 grade coal in June 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 (%)

4901-5200

G8

SLK

WCL

25-Jun-14

MANA

Road

2,000

2,000

2,050.00

2,460.00

3,310.00

61

35

4901-5200

G8

SLK

WCL

25-Jun-14

NANDGAON

Road

3,000

3,000

2,050.00

2,460.00

3,343.33

63

36

4901-5200

G8

SLK

WCL

27-Jun-14

Sarni

Road

6,000

1,610

2,050.00

2,460.00

2,460.00

20

-

4901-5200

G8

STM

WCL

27-Jun-14

MOHAN 9/10 Mouri.Inc

Road

4,350

4,350

2,210.00

2,652.00

2,885.82

31

9

4901-5200

G8

CRUROM

WCL

27-Jun-14

MORPAR UG

Road

9,500

No Bid

2,147.50

2,577.00

NA

-

-

4901-5200

G8

 

CCL

27-Jun-14

KARO OCP

Road

13,550

4,500

1,690.00

2,028.00

2,028.00

20

-

4901-5200 Total

           

38,400

15,460