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G11 grade coal sees very strong demand in May e-auction

04 Jun 2014

June 4: Very strong demand was witnessed for G-11 grade coal (GCV range 4,001 and 4,300 Kcal/kg) during May as the entire offered quantity of 555,000 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,820/ton.

However, demand in April seemed to be fair as out of 465,000 tons offered by two subsidiaries of CIL, 449,670 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,942/ton.

In March, out of 1,030,000 tons offered by three subsidiaries of CIL, 1,020,350 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,661/ton.

Following are the details of e-auction of G11 grade coal in May 2014:

GCV Range

Grade / GCV Band

Size

Name of The Company

e-Auction Date

Ex Location

Mode of Despatch

Quantity Offered (t)

Quantity Allotted (t)

Notified Price (Rs./t)

Reserve Price (Rs./t)

Average Price in Rs/Mt

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

4001-4300

G11

- 100 mm

MCL

26-May-14

Basundhara

Road

250,000

250,000

950

1,140

1,826

92

60

4001-4300

G11

- 100 mm

MCL

26-May-14

Kulda

Road

250,000

250,000

950

1,140

1,867

96

64

4001-4300

G11

- 100 mm

MCL

26-May-14

Chhendipada

Road

50,000

50,000

950

1,140

1,512

59

33

4001-4300

G11

ROM

SECL

28-May-14

Kusmunda OC (Stock)

Road

5,000

5,000

950

1,140

2,233

135

96

4001-4300 Total

           

555,000

555,000