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G-5 grade coal sees fair demand in July e-auction

28 Aug 2014

August 28: There was fair demand for G-5 grade (GCV 5,801 to 6,100 Kcal/kg) coal offered by two subsidiaries of Coal India Ltd (CIL) for allotment through the e-auction platform of MSTC in July 2014, as 44,800 tons got allotted against the offered quantity of 45,750 tons at a weighted average price of Rs 3,984 per ton.

In June as well, there was fair demand for G-5 grade of coal offered by five subsidiaries of CIL for allotment through the e-auction platform of MSTC, as 258,800 tons got allotted against the offered quantity of 323,300 tons at a weighted average price of Rs 3,838 per ton.

Similarly, there was good demand for the same grade of coal offered by four subsidiaries of CIL for allotment in May 2014, as 50,612 tons got allotted against the offered quantity of 51,582 tons at a weighted average price of Rs 3,472 per ton.

Following are the details of e-auction of G-5 grade coal in July 2014:

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 (%)

5801-6100

G5

n

CCL

28-Jul-14

ROAD

URIMARI

                 750

                   750

               2,980

               2,980

                   4,748

                     59

                   59

5801-6100

G5

n

CCL

28-Jul-14

ROAD

SAWANG W SLURRY

              2,000

                1,050

               2,800

               2,800

                   2,800

                     -  

                   -  

5801-6100

G5

STM

SECL

24-Jul-14

ROAD

Khairha UG (Bunker)

              1,000

                1,000

               2,980

               2,980

                   4,176

                     40

                   40

5801-6100

G5

STM

SECL

24-Jul-14

ROAD

Nawapara UG

              2,000

                2,000

               2,980

               2,980

                   4,678

                     57

                   57

5801-6100

G5

ROM

SECL

24-Jul-14

ROAD

Mahan II OC

             30,000

              30,000

               2,800

               2,800

                   3,865

                     38

                   38