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Good demand for G-1 grade coal in April e-auction

27 May 2014

May 27: Good demand was witnessed for G-1 grade coal (GCV above 7,000 Kcal/kg) offered for allotment via the e-auction platform of MSTC during April 2014 as out of 26,500 tons offered, 19,140 tons got allotted at a weighted average price of Rs 6,200 per ton.

However, good demand was also witnessed for G-1 grade coal offered for allotment via the e-auction platform of MSTC during March 2014 as out of 69,250 tons offered, 45,790 tons got allotted at a weighted average price of Rs 5,404 per ton.

During February, no such coal was offered for allotment via this platform.

Following are the details of e-auction of G-1 grade coal in April 2014:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Allotted (In tons)

(ANP)Average Notified Price (in Rs)

(ARP)Average Reserve Price (In Rs)

(AAP) Average Auctioned Price (in Rs)

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

>7000

G1

ROM

NEC

16-Apr-14

ROAD

Ledo OCP

5,000

540

5,470

5,470

5,470

-

-

>7000

G1

ROM

NEC

16-Apr-14

ROAD

Tirap

5,000

2,100

5,770

5,770

5,770

-

-

>7000

G1

ROM

NEC

16-Apr-14

-

Tirap

16,500

16,500

5,770

5,770

6,278

9

9

>7000 Total

 

 

 

 

 

 

26,500

19,140