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Good demand for G-8 grade coal at April e-auction

28 May 2014

May 28: There was good demand for G-8 grade (GCV 4,901 to 5,200 Kcal/kg) coal offered on the MSTC platform by three subsidiaries of CIL in April 2014 as 199,500 tons were offered from which 189,490 tons got allotted at a weighted average price of Rs 2,329 per ton.

However, there was good demand for G-8 grade coal offered on the MSTC platform by two subsidiaries of CIL in March 2014 as 73,000 tons were offered from which 66,850 tons got allotted at a weighted average price of Rs 2,057 per ton.

On the other hand, there was good demand for G-8 grade coal offered on the MSTC platform by two subsidiaries of CIL in February 2014 as 68,650 tons were offered from which 50,480 tons got allotted at a weighted average price of Rs 2,288 per ton.

Following are the details of G-8 grade e-auction in April 2014:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Alloted (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 (%)

4901-5200

G8

STM

MCL

26-Apr-14

ROAD

Orient - 3

20,000

20,000

1,870

2,244

2,244

20

-

4901-5200

G8

STM

MCL

26-Apr-14

ROAD

Orient - 2

20,000

20,000

1,870

2,244

2,244

20

-

4901-5200

G8

STM

MCL

26-Apr-14

ROAD

HBI

80,000

80,000

1,870

2,244

2,244

20

-

4901-5200

G8

CRUROM

WCL

29-Apr-14

ROAD

MORPAR UG

10,000

1,900

2,148

2,577

2,577

20

-

4901-5200

G8

STEAM

WCL

29-Apr-14

ROAD

MOHAN 9/10 Mouri Inc.

3,000

3,000

2,210

2,652

3,062

39

15

4901-5200

G8

SLACK

WCL

29-Apr-14

ROAD

SARNI

6,500

4,590

2,050

2,460

2,460

20

0

4901-5200

G8

ROM

SECL

11-Apr-14

ROAD

Baroud OC

53,000

53,000

1,690

2,028

2,472

46

22

4901-5200

G8

ROM

SECL

11-Apr-14

ROAD

Dharam UG

7,000

7,000

1,690

2,028

2,219

31

9

4901-5200 Total

           

199,500

189,490