The recently concluded coal linkage auction conducted by Coal India Limited (CIL) for the cement sector ended in a grim note.
In the auction, CIL had managed to sale only 32% of the allocated quantity due to poor participation. Out of the allocated quantity of 2,150,000 MT, only 698,900 MT had found buyers.
The complete bidding sequence is shown in the table below.
| CIL’s AUCTION OF COAL LINKAGES FOR THE CEMENT SECTOR | |||||||||
| DATE | GRADE | SOURCE | QUANTITY (MT/ANNUM) | NOTIFIED PRICE (INR/MT) | MODE | % BOOKED | SUCCESSFUL BIDDERS | ||
| OFFERED | BOOKED | OPENING | PREMIUM | ||||||
| 28Jun’16 | G10 | Penganga, WCL | 100,000 | 120,000 | 1,510 | 20 | Road | 120% | ACC – 48,000 Ultratech – 52,000 |
| G11 | New Kusmunda, SECL | 150,000 | 80,000 | 970 | 0 | Rail | 53.33% | Shree Cement – 80,000 | |
| G2 | Tikak, NEC | 70,000 | 35,000 | 3,450 | 0 | Road | 50% | Meghalaya – 25,000, Green Valley – 10,000 | |
| 29Jun’16 | G3 | Churcha, SECL | 500,000 | 120,000 | 3,390 | 0 | Rail | 24% | Prism |
| G13 | Lakhanpur, MCL | 260,000 | 0 | 860 | No Bid | Road | 0% | ||
| G9 | Ghugus, WCL | 100,000 | 24,000 | 1,580 | 0 | Rail | 24% | ACC | |
| 30Jun’16 | G11 | Dipka, SECL | 200,000 | 181,900 | 970 | 0 | Road | 90.95% | J K Laxmi- 30,000, Shree – 70,000, Lafarge – 81,900 |
| G8 | Umrer Siding, WCL | 100,000 | 0 | 2,040 | No Bid | Rail | 0% | ||
| G8 | Block B (Spur Siding), NCL | 200,000 | 0 | 1,700 | No Bid | Rail | 0% | ||
| 1July’16 | G2 | Tirap Siding, NEC | 30,000 | 30,000 | 3,450 | 0 | Rail | 100% | Barak Valley – 8,000 Star – 11,000 Adhunik – 11,000 |
| G11 | Gevra OC, SECL | 150,000 | 20,000 | 970 | 0 | Road | 13.33% | J K Laxmi – 20,000 | |
| G8 | Mana Incline, WCL | 30,000 | 30,000 | 2,060 | 0 | Road | 100.00% | Ultratech – 30,000 | |
| 2July’16 | G9 | Sasti OC, WCL | 50,000 | 0 | 1,580 | No Bid | Road | 0.00% | |
| G11 | Gevra Road, SECL | 150,000 | 28,000 | 970 | Rail | 18.66% | DCM Shriram | ||
| G9 | Niljai OC, WCL | 60,000 | 30,000 | 1,670 | Road | 50.00% | ACC | ||
| 2,150,000 | 698,900 | ||||||||
Source: SteelMint Research
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