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Coal news and updates

Moderate demand for G-8 grade coal in April e-auction

07 May 2014

May 7: G-8 grade coal (GCV range 4,900-5,200 Kcal/kg) offered by three subsidiaries of CIL met with moderate demand during April 2014 as 75.76% of the total offered quantity got allotted. Quantity offered stood at 117,680 tons while the total allotted quantity stood at 89,159 tons in March whereas the weighted average price of the allotted quantity during the month stood at Rs 2,691/ton.

However, during March 2014, quantity offered stood at 207,000 tons while the total allotted quantity stood at 127,310 tons in March whereas the weighted average price of the allotted quantity during the month stood at Rs 2,334/ton.

During February 2014, the coal offered stood at 208,880 tons and the total allotted quantity stood at 99,006 tons whereas the weighted average price of the allotted quantity during the month stood at Rs 2,458/ton.

Following are the details of the e-auction of G8 grade coal in April 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 (%)

4901-5200

G8

SLK

WCL

23-Apr-14

MANA

ROAD

        1,500

         1,500

       2,050

       2,460

       3,251

           59

            32

4901-5200

G8

SLK

WCL

23-Apr-14

NANDGAON

ROAD

        3,000

         3,000

       2,050

       2,460

       3,026

           48

            23

4901-5200

G8

STM

ECL

25-Apr-14

RAJMAHAL OCP : Seam III, II & Comb, III & II Top, II Top & II Bottom

ROAD

      16,180

         8,679

       2,260

       2,712

       2,712

           20

            -  

4901-5200

G8

CRUROM

WCL

30-Apr-14

NEELJAY(S)

ROAD

      57,000

       57,000

       2,148

       2,577

       2,876

           34

            12

4901-5200

G8

 

CCL

30-Apr-14

GIDI- W SLURRY

ROAD

      15,000

         4,290

       1,690

       2,028

       2,028

           20

            -  

4901-5200

G8

 

CCL

30-Apr-14

KEDLA W. SLURRY

ROAD

      15,000

       10,150

       1,690

       2,028

       2,028

           20

              0

4901-5200

G8

 

CCL

30-Apr-14

KATHARA W. REJECTS

ROAD

      10,000

         4,540

       1,690

       2,028

       2,028

           20

            -  

4901-5200 Total

 

 

 

 

 

 

117,680

89,159