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

23 Apr 2014

April 23: A quantity of 83,675 tons of G-6 grade (GCV 5,501 to 5,800 Kcal/kg) coal offered by five subsidiaries of CIL met with very strong demand in the March 2014 e-auctions conducted on the MSTC platform as 83,470 tons got allotted at a weighted average price of Rs 2,797 per ton.

In fact, the entire quantity of 39,600 tons of G-6 grade coal offered by two subsidiaries of CIL also met with very strong demand in the February 2014 e-auctions conducted on the MSTC platform as the entire quantity got allotted at a weighted average price of Rs 3,227 per ton.

On the other hand, 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.

Following are the details of G-6 grade coal e-auction in March 2014:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Allotted (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

n

CCL

21-Mar-14

ROAD

CHURI

5,000

5,000

2,330

2,330

2,331

0.03

0.03

5501-5800

G6

STEAM

WCL

21-Mar-14

ROAD

TAWA - II

3,500

3,500

2,363

2,835

4,338

83.59

53.03

5501-5800

G6

STEAM

WCL

21-Mar-14

ROAD

TAWA

375

370

2,363

2,835

4,104

73.7

44.78

5501-5800

G6

ROM

SECL

10-Mar-14

ROAD

Sharda (High Wall) (Stock)

70,000

70,000

2,150

2,150

2,733

27.11

27.11

5501-5800

G6

SLK

SECL

10-Mar-14

ROAD

Khairha UG (Bunker)

3,000

3,000

2,170

2,170

2,630

21.21

21.21

5650

G6

STM

ECL

31-Mar-14

ROAD

BEJDIH:: SRIPUR(R-VI)

800

800

2,330

2,330

5,045

116.52

116.52

5501-5800

G6

STM

BCCL

20-Mar-14

ROAD

BLOCK IV

1,000

800

2,330

2,330

2,330

0.02

0.02

Total

           

83,675

83,470