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Coal news and updates

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

26 Mar 2014

March 26: There was good demand for G-8 grade (GCV 4,901 to 5,200 Kcal/kg) 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.

However, there was good demand for G-8 grade coal offered on the MSTC platform by three subsidiaries of CIL in January 2014 as 65,000 tons were offered from which 43,600 tons got allotted at a weighted average price of Rs 2,204 per ton.

On the other hand, there was good demand for G-8 grade coal offered on the MSTC platform by three subsidiaries of CIL in December 2013 as 61,390 tons were offered from which 60,580 tons got allotted at a weighted average price of Rs 2,651 per ton.

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

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Allotted Qty (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

n

CCL

26-Feb-14

ROAD

KATHARA W. REJECTS

10,000

3,550

1,690

2,028

2,028

20

0

4901-5200

G8

n

CCL

26-Feb-14

ROAD

KARGALI W REJECTS

10,000

3,140

1,690

2,028

2,028

20

-

4901-5200

G8

n

CCL

26-Feb-14

ROAD

GIDI-W SLURRY

15,000

10,140

1,690

2,028

2,028

20

-

4901-5200

G8

n

CCL

26-Feb-14

ROAD

KEDLA W. SLURRY (MECHANICAL LOADING)

20,000

20,000

1,690

2,028

2,030

20

0

4901-5200

G8

ROM

WCL

18-Feb-14

ROAD

HLC OC

9,000

9,000

2,148

2,577

2,892

35

12

4901-5200

G8

STM

WCL

18-Feb-14

ROAD

MOHAN 9/10 Mouri Inc.

2,650

2,650

2,210

2,652

3,309

50

25

4901-5200

G8

SLK

WCL

18-Feb-14

ROAD

NANDGAON

2,000

2,000

2,050

2,460

2,982

45

21

             

68,650

50,480