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Weak demand for G16 grade in December e-auction

30 Jan 2015

January 30: A weak demand was witnessed in December 2014 for G16 grade (GCV 2,501 to 2,800 Kcal/kg) coal offered by CIL subsidiaries as out of the offered quantity of 45,000 tons, 15,640 tons got allotted at a weighted average price of Rs 732 per ton.

However, during the previous month, this grade was not offered for allotment via this platform.

Following are the details of e-auction of G16 grade coal on the MSTC platform during December 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 (%)

2501-2800

G16

n

CCL

26-Dec-14

ROAD

KATHARA W. REJECTS (P/L)# (HEAP NO.19 D)

35,000

8,490

610

732

732

20

0.02

2501-2800

G16

n

CCL

26-Dec-14

ROAD

KARGALI W REJECTS (P/L)

10,000

7,150

610

732

732

20

-

2501-2800 Total

 

 

 

 

 

 

45,000

15,640