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Very strong demand for G-11 grade coal in March e-auction

23 Apr 2014

April 23: Very strong demand was witnessed in March 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 80,000 tons got allotted at a weighted average price of Rs 1,142 per ton.

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 March 2014:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Allotted (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

19-Mar-14

ROAD

Chendipada

80,000

80,000

950

1,140

1,142

20.26

0.22

Total

           

80,000

80,000