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Very strong demand for ungraded coal in April e-auction

09 May 2016

Very strong demand was seen for ungraded coal offered by CIL for allotment through MSTC in April 2016 as the entire offerings of 25,000 tons got allotted at a weighted average price of Rs 648 per ton, as per data available with ICMW.

 

Similar kind of very strong demand was witnessed for ungraded coal offered by CIL for allotment through this platform in March 2016 as the entire offerings of 20,000 tons got allotted at a higher weighted average price of Rs 651 per ton.

Following are details of the e-auction of ungraded coal on MSTC in April 2016:
 

GCV Range

Grade / GCV Band

Size

Company Name

Event Date

Mode

Colliery

Qty offered    (In tons)

Qty Alloted          (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 (%)

UNGRADED

Ungraded

n

NCL

26-Apr-16

ROAD

Bina

           25,000

           25,000

                               540

                                648

                                   648

                             20

                       0.06

UNGRADED Total

 

 

 

 

 

 

          25,000

         25,000