- Low-CV grades fetch strong premiums
- Jindal Power emerges as leading buyer
South Eastern Coalfields Ltd (SECL) allocated around 543,000 tonnes (t) of coal in its e-auction held on 24 September 2025, with G10 (-100 mm) dominating the volumes. Nearly 504,000 t of G10 were booked at an average INR 2,339/t against its reserve of INR 1,356/t, reflecting strong appetite for low-CV grades.
Among higher-CV varieties, G4 saw 15,000 t booked at INR 4,259/t versus the INR 3,279/t notified, while 7,000 t of G9 attracted INR 3,795/t, more than double its base of INR 1,502/t. G6 grades together saw 8,000 t booked at INR 3,780/t and INR 3,305/t, indicating consistent blending demand. Meanwhile, G8 received modest traction, with 9,000 t allocated across sources at INR 3,255/t and INR 2,312/t respectively.
Top buyers
Jindal Power Ltd emerged as the top buyer, securing 100,000 t at an average of INR 2,328/t. Other significant buyers included KSK Mahanadi Power (30,000 t at INR 2,318/t), Param Mitter Ventures (25,000 t at INR 2,298/t), and Swastik Energy (20,500 t at INR 3,503/t). Sarda Metals and Alloys and Vishv Guru Ispat each secured 20,000 t, while Phil Steel booked 16,000 t at INR 2,288/t.
Mine-wise allocations
Most of the G10 supply came from Dipka OC, from which 500,000 t were booked at INR 2,341/t, alongside 4,000 t from Dipka siding at INR 2,178/t. Rani Atari UG supplied 15,000 t of G4, booked at INR 4,389/t, while Dhelwadih UG offered 7,000 t of G9, sold at INR 3,795/t. Damini UG allocated 5,000 t of G8 at INR 3,255/t, while Duman Hill siding sold 4,000 t of G8 at INR 2,312/t and a small G4 parcel at INR 3,935/t. Singhali UG and Jhiria UG each provided 4,000 t of G6 at INR 3,780/t and INR 3,305/t, respectively.
Market scenario
The auction highlighted strong buyer preference for low-CV grades, with G10 volumes clearing at significant premiums. Higher-CV grades such as G4 and G9 also fetched healthy bids, while G6 and G8 saw selective demand driven by blending needs. Overall, the result underscored continued appetite for volume-based grades, while stronger varieties sustained premiums despite muted market sentiment.
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