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

26 Mar 2014

March 26: Moderate demand was witnessed in February 2014 for G-10 grade (GCV 4,301 to 4,600 Kcal/kg) 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.

However, poor demand was witnessed in January 2014 for G-10 grade coal offered by MCL for allotment through the MSTC platform as only 15,250 tons got allotted out of an offered quantity of 115,000 tons at a weighted average price of Rs 2,412 per ton.

On the other hand, a very strong demand was witnessed in December 2013 for G10 grade coal offered by CCL and NCL for allotment through the MSTC platform as the entire offered quantity of 265,138 tons got allotted at a weighted average price of Rs 1,873 per ton.

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

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Allotted Qty (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

26-Feb-14

ROAD

TETARIAKHAR

18,100

18,100

1,160

1,392

1,674

44

20

4301-4600

G10

n

CCL

26-Feb-14

ROAD

RAJRAPPA REJECTS

20,000

1,350

1,160

1,392

1,392

20

-

4301-4600

G10

n

CCL

26-Feb-14

ROAD

PIPARWAR SLURRY (MECHANICAL LOADING)

55,000

8,080

1,160

1,392

1,392

20

-

4301-4600

G10

ROM

NCL

20-Feb-14

RAIL

Bina

85,668

85,668

1,160

1,392

2,218

91

59

4301-4600

G10

ROM

NCL

20-Feb-14

RAIL

Jhingurda

58,410

58,410

1,160

1,392

2,109

82

51

4301-4600

G10

ROM

NCL

20-Feb-14

ROAD

Jhingurda

40,000

40,000

1,160

1,392

2,014

74

45

4301-4600

G10

ROM

NCL

20-Feb-14

ROAD

Kakri

50,000

50,000

1,160

1,392

1,839

59

32

             

327,178

261,608