- Industrial buyers dominate allocations across G6, G7, G9 grades
- Premiums come amid rising imported prices, tight portside supply
South Eastern Coalfields Limited offered 1,174,050 tonnes (t) of non-coking coal on 19 February 2026, of which 543,750 t was allocated, reflecting strong participation across industrial segments. The overall average winning price stood at INR 3,029/t against an average floor of INR 2,409/t, indicating an average premium of nearly 26% over reserve prices. Premiums for select mid-CV grades even surpassed 50% over floor prices.
Grade-wise performance
Mine-wise highlights
Among large mines, Jagannathpur OC recorded a blended premium of around 48%, driven by strong G9 bids.
Smaller parcels such as Amadand UG (G9) cleared at INR 2,551/t versus INR 1,803/t floor, reflecting a premium of about 41%. RLS Laxman G11 cleared at INR 1,518/t against INR 1,418/t, indicating a premium of around 7%.
Buyer-wise participation
Participation remained broad-based, with sponge iron and steel-linked buyers leading premium bids.
Market insight
Compared with earlier February auctions, the 19 February event reflected significantly wider premium dispersion across mid-CV grades. Premium intensity above 50% in G7, G8 and G9 indicates strong industrial appetite, likely supported by firm imported coal price trends and tightening portside availability.
While lower grades cleared at floor prices, the widening premium band in mid-CV segments signals strengthening domestic coal sentiment and application-specific procurement rather than bulk restocking.
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