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Coal news and updates

Small offering of G4 grade sees good demand in March e-auction

07 Apr 2015

April 7: A sharp decline in offered quantity appears to have affected realisations for G4 grade coal (GCV between 6,101 and 6,400 Kcal/kg) in the month of February.

The offered quantity in March slipped to 37,380 tons, nearly all of which got allotted, from a high 1,57,204 tons in February as a result the weighted average realisation price jumped to Rs 6,228 per ton from a low of 4,842 tons in February when allotted quantity stood at 1,29,936 tons.

G4 grade coal offered for allotment through coaljunction in January 2015 had met with a fair demand as out of the entire offered quantity of 129,680 tons of coal, 123,982 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 4,823/ton.

Following table provides detail of G4 grade offering on coaljunction platform in March 2014:

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./t)

Reserve Price (Rs./t)

Average Price in Rs/Mt

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

WTD AVG

6101-6400

G4

STM

ECL

24-Mar-15

ROAD

CHINAKURI-3 PIT : Borachak R-VIII

1,500

1,500

3,670

3,670

7,080

93

93

 

6101-6400

G4

STM

ECL

24-Mar-15

ROAD

Dhemomain:; Borachak (R-VIII)

500

490

3,670

3,670

6,297

72

72

 

6101-6400

G4

STM

ECL

24-Mar-15

ROAD

S.S.INCLINE:SRIPUR (R-VI)

2,500

2,480

3,670

3,670

6,817

86

86

 

6101-6400

G4

STM

ECL

24-Mar-15

ROAD

BHANORA W.B. MINE :Sripur R-VI

1,500

1,500

3,670

3,670

6,534

78

78

 

6101-6400

G4

STM

ECL

24-Mar-15

ROAD

KALIDASPUR PROJECT: R IX(T&B)

1,500

1,500

3,670

3,670

5,422

48

48

 

6101-6400

G4

STM

ECL

24-Mar-15

ROAD

SONEPUR BAZARI PROJECT: Chora(R-VI, Dobrana (R-V), Chinchuria (R-IV)

15,000

15,000

3,670

3,670

6,729

83

83

 

6101-6400

G4

 

CCL

27-Mar-15

ROAD

BHURKUNDA

1,900

1,900

3,670

3,670

6,368

74

74

 

6101-6400

G4

 

CCL

27-Mar-15

ROAD

BIRSA PROJECT

7,600

7,600

3,670

3,670

5,501

50

50

 

6101-6400

G4

 

CCL

27-Mar-15

ROAD

ARGADA

230

230

3,670

3,670

5,659

54

54

 

6101-6400

G4

 

CCL

27-Mar-15

ROAD

BHURKUNDA SANGAM

5,150

5,150

3,670

3,670

5,422

48

48

 

6101-6400 Total

           

37,380

37,350

         

6,228