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Fair demand for G10 grade in Jan e-auction

24 Feb 2015

February 24: Fair demand was witnessed in January 2015 for G10 grade (GCV 4,301 to 4,600 Kcal/kg) coal offered by CIL subsidiaries for allotment through the MSTC platform as out of an offered quantity of 320,000 tons, 305,660 tons got allotted at a weighted average price of Rs 1,856 per ton.

However, moderate demand was witnessed in December 2014 for this grade offered for allotment as out of an offered quantity of 400,000 tons, 321,810 tons got allotted at a weighted average price of Rs 1,805 per ton.

But, very good demand was witnessed for G10 grade in November 2014 as out of an offered quantity of 55,000 tons, 50,000 tons got allotted at a weighted average price of Rs 1,974 per ton.

Following are the details of e-auctions of G10 grade coal in January 2015:

GCV

Grade

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 (%)

4301-4600

G10

ROM

CCL

30-Jan-15

ROAD

TETARIAKHAR

100,000

100,000

1,160

1,392

1,622

40

17

4301-4600

G10

ROM

CCL

30-Jan-15

ROAD

BENTI COAL DUMP ASHOKA

120,000

120,000

1,160

1,392

2,226

92

60

4301-4600

G10

STM

MCL

20-Jan-15

ROAD

Jagannath

100,000

85,660

1,340

1,608

1,610

20

0

4301-4600 Total

           

320,000

305,660