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New UserVery strong demand for G-11 grade coal in April e-auction
28 May 2014
May 28: Very strong demand was witnessed in April 2014 for G-11 grade (GCV 4,001 to 4,300 Kcal/kg) coal offered by MCL for allotment through the MSTC platform as the entire offered quantity of 680,000 tons got allotted at a weighted average price of Rs 1,607 per ton.
However, very strong demand was witnessed in March 2014 for G-11 grade coal offered by MCL for allotment through the MSTC platform as the entire offered quantity of 80,000 tons got allotted at a weighted average price of Rs 1,142 per ton.
On the other hand, in February 2014, there was a good demand for G-11 grade coal offered by CCL for allotment through the MSTC platform as 57,580 tons got allotted out of an offered quantity of 63,000 tons at a weighted average price of Rs 1,528 per ton.
Following are the details of e-auctions of G-11 grade of coal in April 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 (%) |
|
4001-4300 |
G11 |
- 100mm |
MCL |
26-Apr-14 |
ROAD |
Basundhara |
350,000 |
350,000 |
950 |
1,140 |
1,624 |
71 |
42 |
|
4001-4300 |
G11 |
- 100mm |
MCL |
26-Apr-14 |
ROAD |
Kulda |
250,000 |
250,000 |
950 |
1,140 |
1,656 |
74 |
45 |
|
4001-4300 |
G11 |
- 100mm |
MCL |
26-Apr-14 |
ROAD |
Chendipada |
80,000 |
80,000 |
950 |
1,140 |
1,386 |
46 |
22 |
|
4001-4300 Total |
680,000 |
680,000 |