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Moderate demand for G-3 grade coal in March e-auction

22 Apr 2014

April 22: Moderate demand was witnessed for G-3 grade coal (GCV between 6,401 and 6,700 Kcal/kg) offered for allotment via the e-auction platform of MSTC during March 2014 as out of the offered quantity of 3,000 tons, 1,690 tons got allotted at a weighted average price of Rs 4,071 per ton.

However, good demand was witnessed for G-3 grade coal offered for allotment via the e-auction platform of MSTC during February 2014 as the entire offered quantity of 2,000 tons got allotted at a weighted average price of Rs 5,404 per ton.

On the other hand, good demand was witnessed for G-3 grade coal offered for allotment via the e-auction platform of MSTC during January 2014 as out of 69,410 tons offered by SECL, BCCL and CCL, around 58,410 tons got allotted at a weighted average price of Rs 4,070 per ton.

Following are the details of e-auction of G-3 grade coal in March 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 (%)

6401-6700

G3

STM

BCCL

20-Mar-14

ROAD

BASANTIMATA

1,500

400

4,070

4,070

4,070

0

0

6550

G3

STM

ECL

31-Mar-14

ROAD

LACHIPUR:: SONACHORA (R-VIII B)

1,500

1,290

4,070

4,070

4,072

0.04

0.04

Total

 

 

 

 

 

 

3,000

1,690