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Strong demand for G-11 grade coal in June e-auction

30 Jul 2014

July 30: Very good demand was witnessed in June 2014 for G-11 grade (GCV 4,001 to 4,300 Kcal/kg) coal offered by SECL, CCL and MCL for allotment through the MSTC platform as the out of an offered quantity of 415,000 tons, 405,350 tons got allotted at a weighted average price of Rs 2,116 per ton.

Strong demand was witnessed in May 2014 for this grade offered by CCL and SECL for allotment through the same platform as the out of an offered quantity of 400,000 tons, 398,950 tons got allotted at a weighted average price of Rs 2,110 per ton.

However, very strong demand was witnessed in April 2014 for G-11 grade coal offered by MCL for allotment through the MSTC platform as the entire offered quantity of 680,000 tons got allotted at a weighted average price of Rs 1,607 per ton.

A very strong demand was also witnessed in March 2014 for G-11 grade coal offered by MCL for allotment through the MSTC platform as the entire offered quantity of 80,000 tons got allotted at a weighted average price of Rs 1,142 per ton.

Following are the details of e-auctions of G-11 grade of coal in June 2014:

GCV

Grade

Size

Company Name

Event Date

Colliery

Mode

Qty offered

Qty Alloted

(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 (%)

4001-4300

G11

ROM

SECL

28-Jun-14

Kusmunda OC (Stock)

ROAD

15,000

15,000

950

1,140

2,373

150

108

4001-4300

G11

n

CCL

30-Jun-14

AMRAPALI COAL SALES CENTRE

ROAD

50,000

50,000

950

1,140

1,900

100

67

4001-4300

G11

SLURRY

CCL

30-Jun-14

KEDLA W SLURRY (MECHANICAL LOADING)

ROAD

5,000

200

1,690

2,028

2,028

20

-

4001-4300

G11

REJECTS

CCL

30-Jun-14

GIDI W REJECTS

ROAD

15,000

10,150

950

1,140

1,140

20

-

4001-4300

G11

REJECTS

CCL

30-Jun-14

PIPARWAR W REJECTS

ROAD

30,000

30,000

950

1,140

1,824

92

60

4001-4300

G11

- 100mm

MCL

26-Jun-14

Basundhara

ROAD

150,000

150,000

950

1,140

2,151

126

89

4001-4300

G11

- 100mm

MCL

26-Jun-14

Kulda

ROAD

150,000

150,000

950

1,140

2,251

137

97

Total

           

415,000

405,350