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Coal news and updates

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

03 Apr 2014

April 3: G-8 grade coal (GCV range 4,900-5,200 Kcal/kg) offered by three subsidiaries of CIL met with moderate demand during March 2014 as 61.5% of the total offered quantity got allotted. 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.

However, 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.

During January 2014 out of 219,944 tons offered, 251,260 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 2,518/ton.

Following are the details of the e-auction of G8 grade coal in March 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)

Reserve Price (Rs./t)

Notified Price (Rs./t)

Average Price in Rs/Mt

% Increase Over Reserve Price (%)

% Increase over Notified Price (%)

4901-5200

G8

SLK

WCL

19-Mar-14

MANA

Road

2,000

2,000

2,460.00

2,050.00

2,924.40

19

43

4901-5200

G8

SLK

WCL

19-Mar-14

NANDGAON

Road

4,000

4,000

2,460.00

2,050.00

2,887.00

17

41

4901-5200

G8

CRUROM

WCL

19-Mar-14

HLCOC

Road

4,000

4,000

2,577.00

2,147.50

2,650.55

3

23

4901-5200

G8

CRUROM

WCL

19-Mar-14

NEELJAY(S)

Road

37,000

27,410

2,577.00

2,147.50

2,577.00

-

20

4901-5200

G8

 

CCL

20-Mar-14

GIDI- W SLURRY

Road

15,000

4,980

2,028.00

1,690.00

2,028.00

-

20

4901-5200

G8

 

CCL

20-Mar-14

KEDLA W. SLURRY

Road

20,000

4,680

2,028.00

1,690.00

2,028.00

-

20

4901-5200

G8

 

CCL

20-Mar-14

KATHARA W. REJECTS

Road

10,000

3,020

2,028.00

1,690.00

2,028.00

-

20

4901-5200

G8

 

CCL

20-Mar-14

KARGALI W. REJECTS

Road

5,000

2,220

2,028.00

1,690.00

2,028.00

-

20

4901-5200

G8

STM

MCL

21-Mar-14

Orient-3

Road

20,000

20,000

2,244.00

1,870.00

2,244.50

0

20

4901-5200

G8

STM

MCL

21-Mar-14

Orient-2

Road

20,000

20,000

2,244.00

1,870.00

2,245.00

0

20

4901-5200

G8

STM

MCL

21-Mar-14

HBI

Road

70,000

35,000

2,244.00

1,870.00

2,244.00

-

20

4901-5200 Total

           

207,000

127,310