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G-5 grade sees strong demand in August e-auction

26 Sep 2014

September 26: There was strong 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 August 2014, as 85,910 tons got allotted against the offered quantity of 85,950 tons at a weighted average price of Rs 4,189 per ton.

However, there was fair demand for G-5 grade offered 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 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.

Following are the details of e-auction of G-5 grade coal in Aug 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

30-Aug-14

ROAD

KARO OCP

1,700

1,700

2,980

2,980

3,126

5

5

5801-6100

G5

n

CCL

30-Aug-14

ROAD

KUJU

1,700

1,660

2,980

2,980

5,424

82

82

5801-6100

G5

n

CCL

30-Aug-14

ROAD

KARMA

800

800

2,980

2,980

7,705

159

159

5801-6100

G5

STM

NCL

12-Aug-14

ROAD

Block B

81,750

81,750

2,980

2,980

4,152

39

39

5801-6100 Total

 

 

 

 

 

 

85,950

85,910