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Very strong demand for G-10 grade coal in Dec e-auction

27 Jan 2014

January 27: A very strong demand was witnessed in December 2013 for G10 grade (GCV 4,301 to 4,600 Kcal/kg) coal offered by CCL and NCL for allotment through the MSTC platform as the entire offered quantity of 265,138 tons got allotted at a weighted average price of Rs 1,873 per ton.

On the other hand, there was poor demand in November 2013 for G10 grade coal offered by CCL for allotment through the same platform as only 5,180 tons were allotted out of the total offered quantity of 11,700 tons, at a weighted average price of Rs 1,485 per ton.

Following are the details of e-auctions of G10 grade of coal in December:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Allotted qty (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 (%)

4301-4600

G10

ROM

CCL

30-Dec-13

ROAD

BENTI COAL DUMP ASHOKA

70000

70000

1,160

1,392

1,778

53.23

27.69

4301-4600

G10

ROM

NCL

19-Dec-13

RAIL

Bina

54516

54516

1,160

1,392

1,989

71.48

42.9

4301-4600

G10

ROM

NCL

19-Dec-13

RAIL

Jhingurda

50622

50622

1,160

1,392

2,042

76.03

46.7

4301-4600

G10

ROM

NCL

19-Dec-13

ROAD

Jhingurda

40000

40000

1,160

1,392

1,703

46.78

22.32

4301-4600

G10

ROM

NCL

19-Dec-13

ROAD

Kakri

50000

50000

1,160

1,392

1,847

59.23

32.69

Total

           

265138

265138