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Moderate demand for G-10 grade coal in April e-auction

28 May 2014

May 28: Good demand was witnessed in April 2014 for G-10 grade (GCV 4,301 to 4,600 Kcal/kg) coal offered by NCL, CCL and MCL for allotment through the MSTC platform as 140,000 tons got allotted out of an offered quantity of 160,000 tons at a weighted average price of Rs 1,954 per ton.

However, good demand was witnessed in March 2014 for G-10 grade coal offered by CCL and MCL for allotment through the MSTC platform as 49,980 tons got allotted out of an offered quantity of 56,250 tons at a weighted average price of Rs 1,620 per ton.

On the other hand, moderate demand was witnessed in February 2014 for G-10 grade coal offered by CCL and NCL for allotment through the MSTC platform as only 261,608 tons got allotted out of an offered quantity of 327,178 tons at a weighted average price of Rs 2,023 per ton.

Following are the details of e-auctions of G10 grade of coal in April 2014:

GCV

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 (%)

4301-4600

G10

ROM

CCL

28-Apr-14

ROAD

KDH #

10,000

10,000

1,160

1,392

1,698

46

22

4301-4600

G10

STM

MCL

26-Apr-14

ROAD

Kulda

50,000

30,000

1,336

1,608

1,608

20

-

4301-4600

G10

ROM

NCL

15-Apr-14

ROAD

Jhingurda

50,000

50,000

1,160

1,392

2,221

91

60

4301-4600

G10

ROM

NCL

15-Apr-14

ROAD

Kakri

50,000

50,000

1,160

1,392

1,946

68

40

4301-4600 Total

           

160,000

140,000