Coal news and updates

No offerings of G16 grade in January e-auction

There were no offerings of G16 (GCV between 2,501 and 2,801 Kcal/kg) grades on coaljunction in January 2016, according to data available with ICMW.

However, strong demand was witnessed in the e-auction of G16 on coaljunction in December 2015 as the entire offering of 300,000 tons by SECL got allotted at a weighted average price of Rs 735 per ton.

However, there were no offerings of G16 grades of coal on the e-auction platform of coaljunction in November 2015.