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High demand for coking coal in e-auction on other platform

29 Jan 2015

January 29: High demand was witnessed for washery grade (W3 & W4) coking coal offered by CIL for allotment through the MSTC platform in December 2014.

During the month under review, out of 13,600 tons of coking coal offered, 13,590 tons got allotted at a weighted average price of Rs 2,670 per ton.

A similar high demand was witnessed in November as out of 158,600 tons of coking coal offered, 158,560 tons got allotted at a weighted average price of Rs 4,138 per ton.

However, during October, out of 103,800 tons of coking coal offered, 60,360 tons got allotted at a weighted average price of Rs 4,535 per ton.

Following are the details of e-auction for coking coal via the MSTC platform in December 2014:

CV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Alloted (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 (%)

W4

 

ROM

CCL

26-Dec-14

ROAD

GOVINDPUR PHASE II

10,000

10,000

1,460

1,898

2,204

51

16

W3

 

STM

CCL

26-Dec-14

ROAD

KEDLA OCP

3,600

3,590

1,740

2,262

3,969

128

75

W3 & W4 Total

 

 

 

 

 

 

13,600

13,590