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High demand for G-9 grade coal in March e-auction

23 Apr 2014

April 23: There was good demand for G-9 grade (GCV 4,601 to 4,900 Kcal/kg) coal offered through the MSTC platform in March 2014 by CCL and WCL, as out of the 227,800 tons offered, 217,470 tons got allotted at a weighted average price of Rs 2,113 per ton.

However, there was poor demand for G-9 grade coal offered through the MSTC platform in February 2014 by CCL and WCL, as out of the 288,250 tons offered, 80,040 tons got allotted at a weighted average price of Rs 2,225 per ton.

On the other hand, there was good demand for G-9 grade coal offered through the MSTC platform in January 2014 by CCL, MCL and WCL, as out of the 509,350 tons offered, 487,350 tons got allotted at a weighted average price of Rs 1,754 per ton.

Following are the details of G9 grade e-auction in March 2014:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Allotted (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 (%)

4601-4900

G9

ROM

CCL

21-Mar-14

ROAD

PIPARWAR Coal Dump

169,800

169,800

1,310

1,572

2,079

58.66

32.22

4601-4900

G9

SLURRY

WCL

21-Mar-14

ROAD

NANDAN WASHERY

30,000

19,670

1,588

1,908

1,908

20.15

0

4601-4900

G9

CRUROM

WCL

21-Mar-14

ROAD

KOLARPIMPRI

5,000

5,000

1,688

2,025

2,705

60.27

33.59

4601-4900

G9

CRUROM

WCL

21-Mar-14

ROAD

GHONSA

23,000

23,000

1,688

2,025

2,410

42.78

19.02

Total

           

227,800

217,470