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Coal news and updates

Moderate demand for mixed grade coal in Feb e-auction

26 Mar 2014

March 26: During February 2014, out of a total quantity of 93,800 tons of mixed grade coal offered for allotment by WCL on MSTC's e-auction platform, 49,150 tons got allotted at a weighted average price of Rs 3,023 per ton.

However, during January 2014, out of a total quantity of 138,450 tons of mixed grade coal offered for allotment by WCL on MSTC's e-auction platform, 110,830 tons got allotted at a weighted average price of Rs 2,698 per ton.

On the other hand, in December 2013, out of a total quantity of 108,280 tons of mixed grade coal offered for allotment by WCL on MSTC's e-auction platform, 56,100 tons got allotted at a weighted average price of Rs 2,675 per ton.

The entire material offered during the month was for delivery via road.

Following are the details of mixed grade coal e-auction on MSTC's platform in February:


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 (%)

5801-6100

MIX

MIX

WCL

18-Feb-14

ROAD

BALLARPUR UG (From existing Stock)

6,000

-

          

4301-4900

MIX

MIX

WCL

18-Feb-14

ROAD

GOURI DEEP OC ( Cost Plus)

50,000

11,390

2,399

2,879

2,879

20

-

4901-5500

MIX

MIX

WCL

18-Feb-14

ROAD

DRC No. 4

6,800

6,800

2,290

2,748

2,869

25

4

4901-5500

MIX

MIX

WCL

18-Feb-14

ROAD

PADMAPUR OC

18,000

18,000

2,290

2,748

3,285

43

20

4901-5500

MIX

MIX

WCL

18-Feb-14

ROAD

DRC 6-7-8

4,000

4,000

2,290

2,748

3,037

33

11

4901-5500

MIX

MIX

WCL

18-Feb-14

ROAD

SILEWARA AB INC.

9,000

8,960

2,290

2,748

2,795

22

2

             

93,800

49,150