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Strong demand for G12 grade coal in Jan e-auction

06 Feb 2014

February 6: A strong demand was witnessed for G12 (GCV between 3,700 and 4,000 Kcal/kg) grade coal offered on the e-auctions conducted on the coaljunction platform during January 2014 as the entire offered quantity of 200,000 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 1,225/ton.

However, during December 2013, 1,292,270 tons of the offered quantity of 1,300,000 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 1,281/ton.

In November 2013, good demand was witnessed for G12 grade coal offered in the e-auctions conducted on the coaljunction platform as 1,076,990 tons of the offered quantity of 1,150,000 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 1,267/ton.

Following are the details of the e-auction of G12 grade in January 2014:


GCV Range

Grade / GCV Band

Size

Name of the Company

e-Auction Date

Ex Location

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 (%)

3701-4000

G12

ROM/Sized ROM

SECL

20-Jan-14

Chhal OC

Road

200,000

200,000

1,068.00

890.00

1,225.16

15

38