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Very strong demand for G13 grade coal in May e-auction

04 Jun 2014

June 4: Very strong demand was witnessed for G13 (GCV between 3,400 and 3,700 Kcal/kg) grade coal offered on the e-auctions platform of coaljunction during May 2014 as the entire offering of 340,000 tons got allotted during the month. The weighted average price of the allotted quantity during the month stood at Rs 2,053/ton.

However, in April, this grade of coal was not offered for allotment.

Following are the details of the e-auction of G13 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 (%)

3401-3700

G13

- 100 mm

MCL

26-May-14

Lakhanpur

Road

200,000

200,000

820

984

2,240

173

128

3401-3700

G13

- 100 mm

MCL

26-May-14

Belpahar

Road

50,000

50,000

820

984

2,167

164

120

3401-3700

G13

- 100 mm

MCL

26-May-14

Balram

Road

60,000

60,000

820

984

1,568

91

59

3401-3700

G13

- 100 mm

MCL

26-May-14

Hingula

Road

30,000

30,000

820

984

1,588

94

61

3401-3700 Total

           

340,000

340,000