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Strong demand in e-auction for G12 grade coal in August

27 Sep 2013

September 27: In August 2013, of the offered quantity of 835,000 tons of G12 grade (GCV 3,700 to 4,000 Kcal/kg) coal by Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL) of Coal India Limited (CIL) – for allotment via e-auction platform of MSTC, 824,550 tons got allotted.

In July 2013, however, the entire quantity of 285,000 tons of G12 grade coal offered by South Eastern Coalfields Limited (SECL) of Coal India Limited (CIL) got allotted.

Following is the details of e-auctions of G12 grade of coal in August 2013:

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered

Sold qty

(ARP)Average Reserve Price (In Rs)

(ANP)Average Notified Price (in Rs)

(AAP) Average Auctioned Price (in Rs)

% Increase Over Notified Price (%)

% Increase Over Reserve Price (%)

3700-4000

- 100mm

MCL

28-Aug-13

ROAD

Lingaraj(Stock)

         40,000

         40,000

      1,068

         890

          1,157

               30

            8

3700-4000

ROM

SECL

8-Aug-13

ROAD

Baroud OC

       160,000

       160,000

      1,068

         890

          1,079

               21

            1

3700-4000

ROM

SECL

14-Aug-13

ROAD

Chhal OC

       165,000

       154,550

      1,068

         890

          1,068

               20

            0

3700-4000

ROM

SECL

14-Aug-13

ROAD

Chhal OC

         25,000

         25,000

      1,068

         890

          1,077

               21

            1

3700-4000

STM

MCL

28-Aug-13

ROAD

Samleswari (Stock)

       195,000

       195,000

      1,284

      1,070

          1,284

               20

           -  

3700-4000

STM

MCL

28-Aug-13

ROAD

Lajkura (Stock)

       110,000

       110,000

      1,284

      1,070

          1,368

               28

            7

3700-4000

STM

MCL

28-Aug-13

ROAD

Lilari (Stock)

         40,000

         40,000

      1,284

      1,070

          1,366

               28

            6

3700-4000

STM

MCL

28-Aug-13

ROAD

Balram (Stock)

       100,000

       100,000

      1,284

      1,070

          1,617

               51

          26

Total

 

 

 

 

 

         835,000

      824,550