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Coal news and updates

Very strong demand for select G-6 grade coals in Feb e-auction

26 Mar 2014

March 26: The entire quantity of 39,600 tons of G-6 grade (GCV 5,501 to 5,800 Kcal/kg) coal offered by two subsidiaries of CIL met with very strong demand in the February 2014 e-auctions conducted on the MSTC platform as the whole quantity got allotted at a weighted average price of Rs 3,227 per ton.

However, a total of 39,600 tons of G-6 grade of coal offered by four subsidiaries of CIL met with good demand in the January 2014 e-auctions conducted on the MSTC platform as 82,938 tons got allotted at a weighted average price of Rs 2,926 per ton.

On the other hand, a total of 40,500 tons of G-6 grade of coal offered by two subsidiaries of CIL met with good demand in the December 2013 e-auctions conducted on the MSTC platform as 33,200 tons got allotted at a weighted average price of Rs 3,354 per ton.

Following are the details of G6 grade coal e-auction in February 2014:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Allotted Qty (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 (%)

5501-5800

G6

STM

ECL

27-Feb-14

ROAD

DABOR OCP::Salanpur A (B-II)

8,000

8,000

2,330

2,330

4,070

75

75

5501-5800

G6

STM

ECL

27-Feb-14

ROAD

BEJDIH:: SRIPUR(R-VI)

750

750

2,330

2,330

5,751

147

147

5501-5800

G6

STM

WCL

18-Feb-14

ROAD

SAONER U/G - II

7,500

7,500

2,770

2,770

3,088

11

11

5501-5800

G6

STM

WCL

18-Feb-14

ROAD

SAONER U/G - III

6,350

6,350

2,770

2,770

3,100

12

12

5501-5800

G6

STM

WCL

18-Feb-14

ROAD

SAONER U/G - I

11,000

11,000

2,770

2,770

2,778

0

0

5501-5800

G6

STM

WCL

18-Feb-14

ROAD

PATANSAONGI

6,000

6,000

2,770

2,770

2,920

5

5

             

39,600

39,600