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Coal news and updates

Good demand for G8 grade coal in May e-auction

04 Jun 2014

June 4: G8 grade coal (GCV range 4,900-5,200 Kcal/kg) offered by three subsidiaries of CIL met with good demand during May 2014 as 93.94% of the total offered quantity got allotted. Quantity offered during the month stood at 174,000 tons while the total allotted quantity stood at 163,450 tons in May whereas the weighted average price of the allotted quantity during the month stood at Rs 2,460/ton.

However, during April 2014, quantity offered stood at 117,680 tons while the total allotted quantity stood at 89,159 tons. During the month, the weighted average price of the allotted quantity during the month stood at Rs 2,691/ton.

During March 2014, out of an offered quantity of 207,000 tons, allotted quantity stood at 127,310 tons and the weighted average price of the allotted quantity during the month stood at Rs 2,334/ton.

Following are the details of the e-auction of G8 grade coal in May 2014:

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 (%)

3401-3700

G13

- 100 mm

MCL

26-May-14

Lakhanpur

Road

200,000

200,000

820

984

2,240

173

128

4901-5200

G8

ROM

SECL

19-May-14

Baroud OC

Road

72,000

72,000

1,690

2,028

2,582

53

27

4901-5200

G8

ROM

SECL

19-May-14

Dharam UG

Road

7,000

7,000

1,690

2,028

2,343

39

16

4901-5200

G8

SLK

WCL

21-May-14

MANA

Road

2,500

2,500

2,050

2,460

3,404

66

38

4901-5200

G8

SLK

WCL

21-May-14

NANDGAON

Road

4,000

4,000

2,050

2,460

3,404

66

38

4901-5200

G8

SLK

WCL

23-May-14

Sarni

Road

6,000

3,050

2,050

2,460

2,460

20

-

4901-5200

G8

CRUROM

WCL

23-May-14

MORPAR UG

Road

10,000

2,400

2,148

2,577

2,577

20

-

4901-5200

G8

STM

WCL

23-May-14

MOHAN 9/10 Mouri.Inc

Road

2,500

2,500

2,210

2,652

2,675

21

1

4901-5200

G8

STM

MCL

26-May-14

Orient-3

Road

20,000

20,000

1,870

2,244

2,247

20

0

4901-5200

G8

STM

MCL

26-May-14

Orient-2

Road

20,000

20,000

1,870

2,244

2,247

20

0

4901-5200

G8

STM

MCL

26-May-14

HBI

Road

30,000

30,000

1,870

2,244

2,245

20

0

4901-5200 Total

           

174,000

163,450