Strong demand for G-13 grade coal in March e-auction
23 Apr 2014
April 23: Very strong demand was witnessed for G-13 (GCV 3,401 to 3,700Kcal/Kg) grade coal offered by MCL for allotment via the MSTC platform during the month of March 2014 as the entire offered quantity of 100,000 tons got allotted at a weighted average price of Rs 989 per ton.
However, no demand was witnessed for G-13 grade coal offered by NCL for allotment via the MSTC platform during February 2014 as the entire offered quantity of 1,209 tons failed to attract any bid at the e-auction.
On the other hand, very strong demand was witnessed for G-13 grade coal offered by MCL for allotment via the MSTC platform during the month of January 2014 as the entire offered quantity of 440,000 tons got allotted during the month.
Following are the details of e-auctions of G-13 grade coal in March 2014:
GCV |
Grade |
Size |
Company Name |
Event Date |
Mode |
Colliery |
Qty offered (In tons) |
Qty Allotted (In 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 (%) |
3401-3700 |
G13 |
-100mm |
MCL |
19-Mar-14 |
ROAD |
Hingula |
100,000 |
100,000 |
820 |
984 |
989 |
20.62 |
0.52 |
Total |
100,000 |
100,000 |