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Very strong demand for G-12 grade coal in March e-auction

03 Apr 2014

April 3: A very strong demand was witnessed for G-12 (GCV between 3,700 and 4,000 Kcal/kg) grade coal offered on the e-auctions platform of coaljunction during March 2014 as the entire offering of 270,000 tons of coal got allotted during the month. The weighted average price of the allotted quantity during the month stood at Rs 1,769/ton.

However, during February 2014 out of 1,283,500 tons offered, 1,218,200 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 1,312/ton.

During January 2014, 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.

Following are the details of the e-auction of G12 grade in March 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

STM

MCL

21-Mar-14

Samaleshwari

Road

180,000

180,000

1,284

1,070

1,768.79

38

65

3701-4000

G12

STM

MCL

21-Mar-14

Lajkura

Road

60,000

60,000

1,284

1,070

1,986.75

55

86

3701-4000

G12

STM

MCL

21-Mar-14

Lilari

Road

30,000

30,000

1,284

1,070

1,337.83

4

25

3701-4000

           

270,000

270,000