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Coal news and updates

Good demand for G3 grade coal in May e-auction

04 Jun 2014

June 4: There was good demand for G3 grade coal (GCV ranging between 6,400 Kcal/kg and 6,700 Kcal/kg) on the e-auction platform of coaljunction in May 2014 as 94.83% of the offered quantity got allotted. Out of a total quantity of 31,850 tons offered, 30,203 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 4,895/ton.

On the other hand, there was a strong demand for G3 grade coal on the e-auction platform of coaljunction in April 2014 as 99.38% of the offered quantity got allotted. Out of a total quantity of 6,500 tons offered, 6,460 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 4,458/ton.

Again, in March 2014, fair demand was witnessed for G3 grade coal as 97.06% of the offered quantity got allotted. Out of a total quantity of 35,000 tons offered, 33,970 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 5,266/ton.

Following are the details:

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 (%)

6401-6700

G3

STM

SECL

28-May-14

Rajnagar RO

Road

1,000

1,000

4,070

4,070

4,161

2

2

6401-6700

G3

STM

SECL

28-May-14

Jhiria UG

Road

4,000

4,000

4,070

4,070

4,221

4

4

6401-6700

G3

ROM

SECL

28-May-14

Jhiria UG

Road

1,000

No Bid

3,890

3,890

NA

   

6401-6700

G3

ROM

SECL

28-May-14

Malga

Road

750

150

3,890

3,890

3,890

-

-

6401-6700

G3

STM

ECL

29-May-14

NINGHA:Dishergarh(R-IV)

Road

1,000

1,000

4,070

4,070

4,087

0

0

6401-6700

G3

STM

ECL

29-May-14

CHITRA-A OC::Saharjori / Patrika

Road

15,000

15,000

4,070

4,070

5,434

34

34

6401-6700

G3

STM

ECL

29-May-14

BANSRA: : (Kenda R-VI )

Road

3,600

3,600

4,070

4,070

4,101

1

1

6401-6700

G3

STM

ECL

29-May-14

CENTRAL KAJORA : Lower Kajora R-VIII T

Road

1,500

1,500

4,070

4,070

4,524

11

11

6401-6700

G3

STM

ECL

29-May-14

JAMBAD : KENDA (R-VI)

Road

2,500

2,453

4,070

4,070

5,036

24

24

6401-6700

G3

 

CCL

29-May-14

SAUNDA

Road

1,000

1,000

4,070

4,070

4,140

2

2

6401-6700

G3

 

CCL

29-May-14

SIRKA

Road

500

500

4,070

4,070

5,194

28

28

6401-6700 Total

           

31,850

30,203