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Poor demand for G-10 grade coal in Oct e-auction

27 Nov 2013

November 27: There was poor demand in October 2013 for G10 grade (GCV 4,301 to 4,600 Kcal/kg) coal offered by CCL and MCL for allotment through the MSTC platform as only 580 tons were allotted out of the total offered quantity of 152,000 tons at a weighted average price of Rs 1,485 per ton.

In September, however, there seemed to be very strong demand for this grade offered by CCL, and NCL, as the entire offered quantity of 120,340 tons got allotted at a weighted average price of Rs 1,933 per ton.

Following are the details of e-auctions of G10 grade of coal in October:

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered(In tons)

Allotted qty (In tons)

(ANP)Average Notified Price (in Rs/ton)

(ARP) Average Reserve Price (In Rs/ton)

(AAP) Average Auctioned Price (in Rs/ton)

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

4301-4600

n

CCL

28-Oct

ROAD

RAJRAPPA REJECTS

2000

330

1160

1392

                       1,392

20

0

4301-4600

STM

MCL

30-Oct

ROAD

Basundhara

100000

250

1340

1608

                       1,608

20

0

4301-4600

STM

MCL

30-Oct

ROAD

Kulda

50000

0

NA

NA

NA

NA

NA

Total

 

 

 

 

 

152000

580