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Strong demand for G-13 grade coal in March e-auction

23 Apr 2014

April 23: Very strong demand was witnessed for G-13 (GCV 3,401 to 3,700Kcal/Kg) grade coal offered by MCL for allotment via the MSTC platform during the month of March 2014 as the entire offered quantity of 100,000 tons got allotted at a weighted average price of Rs 989 per ton.

However, no demand was witnessed for G-13 grade coal offered by NCL for allotment via the MSTC platform during February 2014 as the entire offered quantity of 1,209 tons failed to attract any bid at the e-auction.

On the other hand, very strong demand was witnessed for G-13 grade coal offered by MCL for allotment via the MSTC platform during the month of January 2014 as the entire offered quantity of 440,000 tons got allotted during the month.

Following are the details of e-auctions of G-13 grade coal in March 2014:


GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Qty Allotted (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 (%)

3401-3700

G13

-100mm

MCL

19-Mar-14

ROAD

Hingula

100,000

100,000

820

984

989

20.62

0.52

Total

           

100,000

100,000