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Low demand for coal in SCCL’s Feb spot e-auction

04 Mar 2016

After a month’s gap, Singareni Collieries Company Ltd (SCCL) offered 742,000 tons of coal for sale through the spot-e auction platform of coaljunction in February, according to provisional data available with ICMW.

 

But the response from participants was very poor as only 185,329 tons or only 25% of the total offering got allotted.

 

The company had not offered coal for sale through spot e-auction in January.

 

The offered and allotted quantities by SCCL during the first 11 months of 2015-16 stood at 3,921,900 tons and 1,336,123 tons respectively.

 

The total offered and allocated quantities by SCCL on coaljunction in 2014-15 stood at 3.02 mt and 1.91 mt as compared to 1.93 mt and 1.58 mt respectively in 2013-14

 

Following table provides details of SCCL’s offering and allotment on coaljunction in 2013-14, 2014-15 and 2015-16:

 

Month

2015-16

2014-15

2013-14

SCCL

SCCL

SCCL

Qty offered

Qty allotted

Qty offered

Qty allotted

Qty offered

Qty allotted

(in tons)

(in tons)

(in tons)

(in tons)

(in tons)

(in tons)

April

6,10,000

2,21,952

1,44,500

1,16,258

1,85,000

1,51,237

May

 

 

3,02,600

2,43,834

2,32,800

1,93,451

June

650400

1,89,571`

1,91,000

1,86,912

2,16,000

1,55,472

July

 

 

2,11,500

1,70,990

1,00,000

88,789

August

741000

2,52,371

1,09,000

90,856

82,700

67,871

September

Nil

Nil

3,67,000

2,74,623

98,000

90,125

October

Nil

Nil

1,85,000

1,33,615

1,28,700

91,450

November

8,16,000

4,80,938

1,66,000

86,483

92,000

82,000

December

3,62,500

1,95,533

5,94,000

2,80,468

2,73,000

1,96,285

January

Nil

Nil

7,47,500

3,28,395

1,08,000

86,335

February

7,42,000

1,85,329

Nil

Nil

2,87,000

2,71,338

March

 

 

Nil

Nil

1,31,000

1,03,893

Total (Apr-Feb)

39,21,900

13,36,123

30,18,100

19,12,434

18,03,200

14,74,353

Total (Apr-Mar)

39,21,900

13,40,365

30,18,100

19,12,434

19,34,200

15,78,246