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

25 Jun 2014

June 25: A strong demand was witnessed in May 2014 for G-11 grade (GCV 4,001 to 4,300 Kcal/kg) coal offered by CCL and SECL for allotment through the MSTC platform as the out of an offered quantity of 400,000 tons of coal, 398,950 tons got allotted at a weighted average price of Rs 2,110 per ton.

However, a 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 May 2014:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (tons)

Qty Alloted (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 (%)

4001-4300

G11

n

CCL

31-May-14

ROAD

KEDLA W REJECTS (P/L)

5000

5000

950

1,140

1,639

72

44

4001-4300

G11

n

CCL

31-May-14

ROAD

GIDI W REJECTS

15000

13950

950

1,140

1,140

20

0

4001-4300

G11

n

CCL

31-May-14

ROAD

PIPARWAR W REJECTS

30000

30000

950

1,140

1,554

64

36

4001-4300

G11

ROM

SECL

20-May-14

ROAD

Gevra OC (Stock)

250000

250000

950

1,140

2,160

127

90

4001-4300

G11

ROM

SECL

20-May-14

ROAD

Gevra OC (Bunker)

100000

100000

950

1,140

2,310

143

103

4001-4300 Total

 

 

 

 

 

 

400,000

398,950