Very strong demand for G16 grade in Mar e-auction
05 Apr 2016
Very strong demand was witnessed in the e-auction of G16 (GCV between 2,501 and 2,801 Kcal/kg) grades on coaljunction in March 2016 as the entire offering of 600,000 tons by SECL got allotted at a weighted average price of Rs 782 per ton, according to data available with ICMW.
However, there were no offerings of G16 grades on coaljunction in January 2016 and February 2016.
Following are details of the e-auction of G16 grade coal in March 2016 on coaljunction
GCV Range |
Grade / GCV Band |
Size |
Name of the client |
Event Date |
Mode of Despatch |
Ex Location |
Qty offered (in Tons) |
Qty Alloted (in Tons) |
Notified Price (in Rs./Ton) |
Reserve Price (in Rs./Ton) |
Average Price (in Rs./Ton) |
% Increase over Notified Price (%) |
% Increase Over Reserve Price (%) |
2501-2800 |
G16 |
ROM |
SECL |
08-Mar-16 |
ROAD |
Gare Pelma IV/2&3 |
200,000 |
200,000 |
610 |
732 |
841 |
38 |
15 |
2501-2800 |
G16 |
ROM |
SECL |
28-Mar-16 |
ROAD |
Gare Pelma IV/2&3 |
400,000 |
400,000 |
610 |
732 |
753 |
23 |
3 |
2501-2800 Total |
|
|
|
|
|
|
600,000 |
600,000 |
|
|
|
|
|