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Coal news and updates

Strong demand for G-6 grade coal in July e-auction

29 Aug 2014

August 29: Very strong demand was witnessed for G-6 grade (GCV 5,501 to 5,800 Kcal/kg) coal offered by four subsidiaries of CIL in the month of July 2014 via e-auctions conducted on the MSTC platform as the full 30,000 tons of the offered quantity got allotted at a weighted average price of Rs 4,103 per ton.

Similar strong demand was witnessed for the same grade of coal offered by four subsidiaries of CIL in the month of June 2014 via e-auctions conducted on the MSTC platform as the full 96,950 tons of the offered quantity got allotted at a weighted average price of Rs 3,894 per ton.

In May too, very strong demand was witnessed for this grade offered by the four subsidiaries of CIL via this platform as 69,740 tons got allotted out of an offered quantity of 69,750 tons, at a weighted average price of Rs 3,466 per ton.

Following are the details of G-6 grade coal e-auction in July 2014:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Alloted (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 (%)

5501-5800

G6

ROM

SECL

24-Jul-14

ROAD

Sharda (High Wall) (Stock)

3,000

3,000

2,150

2,150

4,053

89

89

5501-5800

G6

SLK

SECL

24-Jul-14

ROAD

Khairha UG (Bunker)

1,000

1,000

2,170

2,170

3,911

80

80

5501-5800

G6

SLK

SECL

24-Jul-14

ROAD

Dhanpuri UG (Bunker)

1,500

1,500

2,170

2,170

3,602

66

66

5501-5800

G6

STM

SECL

24-Jul-14

ROAD

Dhanpuri UG (Bunker)

500

500

2,330

2,330

4,445

91

91

5501-5800

G6

SLK

SECL

24-Jul-14

ROAD

Rajendra UG (Bunker)

3,000

3,000

2,170

2,170

3,686

70

70

5501-5800

G6

STM

SECL

24-Jul-14

ROAD

Amlai OC (Stock)

3,500

3,500

2,330

2,330

4,312

85

85

5501-5800

G6

STM

SECL

24-Jul-14

ROAD

Amadand OC

7,000

7,000

2,330

2,330

4,960

113

113

5501-5800

G6

SLK

SECL

24-Jul-14

ROAD

Jamuna 1/2

500

500

2,170

2,170

3,558

64

64

5501-5800

G6

SLK

SECL

24-Jul-14

ROAD

Damini UG (Bunker)

7,000

7,000

2,170

2,170

3,544

63

63

5501-5800

G6

STM

SECL

24-Jul-14

ROAD

Damini UG (Bunker)

3,000

3,000

2,330

2,330

3,975

71

71

5501-5800 Total

 

 

 

 

 

 

30,000

30,000