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Sharp fall in allotment of G9 grade in April e-auction

05 May 2015

May 5: A sharp fall in the allotment of G9 grade coal (GCV ranging between 4,601-4,900 Kcal/kg) offered by CCL, a subsidiary of CIL, on the coaljunction e-auction platform was witnessed in April as realised prices nosedived.

A total of 241,200 tons of this grade of coal was offered in April of which 151,570 tons got allotted at a weighted average price of Rs 1,606 per ton.

However, a total of 464,080 tons of this grade of coal was offered in March of which 294,280 tons got allotted at a weighted average price of Rs 2,060 per ton.

In February 2015, a total of 2,40,000 tons of G9 grade coal was offered through coaljunction and 217,210 tons got allotted at a weighted average price of Rs 2,101/ton.

Following are the details of the e-auction of G9 grade on coaljunction in April 2015:

GCV Range

Grade / GCV Band

Size

Name of The Company

e-Auction Date

Mode of Despatch

Ex Location

Quantity Offered (t)

Quantity Allotted (t)

Notified Price (Rs./Ton)

Reserve Price (Rs./Ton)

Average Price in Rs/Ton

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

4601-4900

G9

ROM

CCL

23-Apr-15

ROAD

PIPARWAR Coal Dump

1,41,200

1,41,200

1,310

1,572

1,608

23

2

4601-4900

G9

ROM

CCL

23-Apr-15

ROAD

PURNADIH

1,00,000

10,370

1,310

1,572

1,572

20

0.02

4601-4900 Total

           

2,41,200

1,51,570