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

24 Feb 2014

February 24: There was good demand for G8 grade (GCV 4,901 to 5,200 Kcal/kg) 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.

However, there was good demand for G8 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.

On the other hand, in November, there was moderate demand for G8 grade coal offered on the MSTC platform by two subsidiaries of CIL in November 2013 as 19,500 tons were offered from which 10,370 tons got allotted at a weighted average price of Rs 2,472 per ton.

Following are the details of G8 grade e-auction in January 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

STM

MCL

22-Jan-14

ROAD

Orient - 3

10000

10000

1,870

2,244

2,244

20.00

0.00

4901-5200

G8

STM

MCL

22-Jan-14

ROAD

Orient - 2

10000

10000

1,870

2,244

2,244

20.00

0.00

4901-5200

G8

ROM

WCL

22-Jan-14

ROAD

NEELJAY(S)

17000

6100

2,147

2,577

2,577

20.03

0.00

4901-5200

G8

ROM

SECL

10-Jan-14

ROAD

Baroud OC

25000

17500

1,690

2,028

2,030

20.10

0.08

4901-5200

G8

ROM

SECL

10-Jan-14

ROAD

Dharam UG

3000

0

 

 

 

 

 

 

 

 

 

 

 

 

65000

43600