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Very strong demand for G-13 grade coal in April e-auction

28 May 2014

May 28: Very strong demand was witnessed for G-13 (GCV 3,401 to 3,700Kcal/Kg) grade coal offered by MCL for allotment via the MSTC platform during April 2014 as the entire offered quantity of 450,000 tons got allotted at a weighted average price of Rs 1,716 per ton.

However, very strong demand was witnessed for G-13 (GCV 3,401 to 3,700Kcal/Kg) grade coal offered by MCL for allotment via the MSTC platform during March 2014 as the entire offered quantity of 100,000 tons got allotted at a weighted average price of Rs 989 per ton.

On the other hand, no demand was witnessed for G-13 grade coal offered by NCL for allotment via the MSTC platform during February 2014 as the entire offered quantity of 1,209 tons failed to attract any bid at the e-auction.

Following are the details of e-auctions of G-13 grade 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 (%)

3401-3700

G13

- 100mm

MCL

26-Apr-14

ROAD

Hingula

150,000

150,000

820

984

1,350

65

37

3401-3700

G13

- 100mm

MCL

26-Apr-14

ROAD

Lakhanpur

200,000

200,000

820

984

1,859

127

89

3401-3700

G13

- 100mm

MCL

26-Apr-14

ROAD

Belpahar

100,000

100,000

820

984

1,977

141

101

3401-3700 Total

           

450,000

450,000