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Coal news and updates

Very strong demand for G12 grade coal in May e-auction

04 Jun 2014

June 4: Very strong demand was witnessed for G12 (GCV between 3,700 and 4,000 Kcal/kg) grade coal offered on the e-auctions platform of coaljunction during May 2014 as the entire offering of 1,032,000 tons got allotted during the month. The weighted average price of the allotted quantity during the month stood at Rs 1,551/ton.

In April 2014 too, the entire offering of 15,000 tons got allotted at a weighted average price of Rs 1,273/ton.

Similarly, during March 2014, the entire offering of 270,000 tons got allotted at a weighted average price of Rs 1,769/ton.

Following are the details of the e-auction of G12 grade in May 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)

Notified Price (Rs./t)

Reserve Price (Rs./t)

Average Price in Rs/Mt

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

3701-4000

G12

ROM

SECL

19-May-14

Manikpur OC

Road

70,000

70,000

890

1,068

1,963

121

84

3701-4000

G12

ROM

SECL

19-May-14

Baroud OC

Road

267,000

267,000

890

1,068

1,393

56

30

3701-4000

G12

ROM

SECL

19-May-14

Chhal OC

Road

175,000

175,000

890

1,068

1,785

101

67

3701-4000

G12

STM

MCL

26-May-14

Samaleshwari

Road

85,000

85,000

1,070

1,284

1,426

33

11

3701-4000

G12

STM

MCL

26-May-14

Lilari

Road

40,000

40,000

1,070

1,284

1,880

76

46

3701-4000

G12

STM

MCL

26-May-14

Balram

Road

175,000

175,000

1,070

1,284

1,290

21

0

3701-4000

G12

STM

MCL

26-May-14

Hingula

Road

40,000

40,000

1,070

1,284

1,298

21

1

3701-4000

G12

- 100 mm

MCL

26-May-14

Lingaraj

Road

80,000

80,000

890

1,068

1,570

76

47

3701-4000

G12

- 100 mm

MCL

26-May-14

Ananta

Road

100,000

100,000

890

1,068

1,793

102

68

3701-4000 Total

           

1,032,000

1,032,000