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

30 Jul 2014

July 30: Strong demand was witnessed in June 2014 for G-12 grade (GCV 3,701 to 4,000 Kcal/kg) coal offered by MCL and SECL for allotment through the MSTC platform as the entire offered quantity of 886,000 tons got allotted at a weighted average price of Rs 2,013 per ton.

While no coal of this grade was offered in May, a very strong demand was witnessed for this grade offered by two subsidiaries of CIL for allotment via the MSTC platform during April 2014 as the entire offered quantity of 1,175,000 tons got allotted at a weighted average price of Rs 1,561 per ton.

Good demand was witnessed for G-12 offered by two subsidiaries of CIL for allotment via MSTC during March 2014 as 1,022,000 tons out of 1,048,500 tons got allotted at the e-auction.

Following are the details of e-auctions of G-12 grade of coal in June 2014:

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 (%)

G12

Steam

MCL

26-Jun-14

Balram

ROAD

125,000

125,000

1,070

1,284

2,270

112

77

G12

- 100mm

MCL

26-Jun-14

Lingaraj

ROAD

30,000

30,000

890

1,068

2,432

173

128

G12

- 100mm

MCL

26-Jun-14

Ananta

ROAD

100,000

100,000

890

1,068

2,390

169

124

G12

- 100mm

MCL

26-Jun-14

Kaniha

ROAD

75,000

75,000

890

1,068

1,791

101

68

G12

Steam

MCL

26-Jun-14

Samleswari

ROAD

60,000

60,000

1,070

1,284

2,359

121

84

G12

Steam

MCL

26-Jun-14

Lilari

ROAD

40,000

40,000

1,070

1,284

2,449

129

91

G12

Steam

MCL

26-Jun-14

Hingula

ROAD

30,000

30,000

1,070

1,284

1,758

64

37

G12

ROM

SECL

20-Jun-14

Baroud OC

ROAD

191,000

191,000

890

1,068

1,642

84

54

G12

ROM

SECL

20-Jun-14

Chhal OC

ROAD

130,000

130,000

890

1,068

1,912

115

79

G12

ROM

SECL

20-Jun-14

Chhal OC

ROAD

45,000

45,000

890

1,068

1,891

113

77

G12

ROM

SECL

20-Jun-14

Manikpur OC

ROAD

60,000

60,000

890

1,068

1,896

113

78

Total

 

 

 

 

 

886,000

886,000