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Strong demand for G-12 grade coal in August e-auction

04 Sep 2013

September 4: There was strong demand for G-12 grade coal in the e-auctions conducted on the coaljunction platform during August 2013 as 171,450 tons of the offered quantity of 180,450 tons got allotted.

The weighted average price of the allotted quantity during the month stood at Rs 1,084 per ton.

However, in July 2013, the entire offered quantity of 730,000 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,370 per ton.

Following are the details of e-auction of G12 grade in August 2013:

Name of the company

e-Auction Date

Month

Ex Location

Grade / GCV Band

GCV Range

Size

Mode of Despatch

Quantity Offered(t)

Quantity Allotted(t)

Reserve Price (Rs./t)

Notified Price (Rs./t)

Average Price in Rs/Mt

% increase over reserve price

% increase over notified price

SECL

13-Aug-13

Aug-13

Manikpur OC

G12

 

Sized ROM

Road

70,000

61,000

1,068.00

890.00

1,069.20

0

20

SECL

16-Aug-13

Aug-13

Chhal OC

G12

Sized ROM

ROM

Road

100,000

100,000

1,068.00

890.00

1,083.91

1

22

SECL

27-Aug-13

Aug-13

Chhal OC

G12

Sized ROM

ROM

Road

10,450

10,450

1,068.00

890.00

1,181.64

11

33

Total

 

 

 

 

 

 

 

180,450

171,450