- G12 achieves highest allocation with 6% premium
- Rungta turn the highest buyer in the auction
Mahanadi Coalfields Ltd (MCL) allocated 768,300 tonnes (t) of non-coking coal in its e-auction held on 11 July 2026 against a notified quantity of 3.48 million tonnes (mnt), translating into an absorption rate of around 22%.
In comparison, the previous auction conducted on 30 June 2026 witnessed allocations of 818,750 t against an offered quantity of 3.11 mnt, with an absorption rate of approximately 26%.
Company-wise Rungta mines limited turn out to be the highest buyer among grades around 91,250 t for G8,G11, G12 and G13 in the auction.
Compared with the previous auction, the latest sale recorded a decline of around 50,450 t in allocated volume, leading to a lower absorption rate. The auction outcome reflects cautious buying behaviour, with consumers continuing to procure based on immediate requirements amid comfortable domestic coal availability and subdued demand from key consuming industries during the monsoon season.
G12 secures full allocation, average winning price rises
G12 emerged as the best-performing grade, with the entire notified quantity of 352,000 t allocated. The allocations comprised 100,000 t each from Lingaraj OCP, Ananta OCP and Bhubaneswari OCP, while Kaniha OCP contributed 40,000 t. The remaining quantity was sourced through Bhubaneswari Silo (SJWT), Spur 5 Rail Siding (ACTR) and Lingaraj Silo (LSST), each allocating 4,000 t.
The grade realised an average bid price of INR 1,471/t against the notified price of INR 1,101/t, up from INR 1,389/t in the previous auction. The increase of INR 82/t, or around 6%, reflects stronger bidding interest.
Vedanta Aluminium Metal Ltd emerged as the largest buyer, securing 79,550 tonnes, followed by Rungta Mines Ltd with 63,250 tonnes, Tata Steel Ltd with 50,000 tonnes, and Feegrade & Company Pvt Ltd with 47,500 tonnes.
G14 remains the second-largest allocated grade
G14 recorded allocations of 198,650 tonnes, with Garjanbahal OC Mine accounting for the largest share at 109,300 tonnes. This was followed by Integrated LBL OCP with 52,500 tonnes, Hingula OCP with 20,350 tonnes, and Samleswari OCP with 8,500 tonnes. An additional 4,000 tonnes each were allocated through Spur 10 Rail Siding BCMT and BOCM-3 Rail Siding BOCB.
The grade realised an average winning price of INR 960/t against the notified price of INR 930/t, up marginally from INR 953/t in the previous auction. The slight increase of INR 7/t reflects stable bidding, with premiums remaining modest amid ample availability of lower-grade coal.
On the buyer side, Earth Minerals Company Ltd emerged as the largest purchaser, securing 50,000 tonnes, followed by Param Mitter Ventures Pvt Ltd with 20,000 tonnes and Asak Coal Pvt Ltd with 12,000 tonnes.
G8 continues to command the highest premium
The entire 100,000 t of G8 coal offered from Kulda OC Mine was allocated.
The grade cleared at an average winning price of INR 3,959/t against a notified price of INR 1,931/t, up by INR 24/t from INR 3,935/t in the previous auction. The higher realisation reflects continued strong competition for superior-grade coal, with the premium remaining above 100% over the notified price.
Bee Pee Rollers Pvt Ltd emerged as the largest buyer, securing 30,300 tonnes, followed by Rungta Mines Ltd with 20,000 tonnes, B.S. Sponge Pvt Ltd with 12,000 tonnes, and Sao Exim Ltd with 10,000 tonnes.
G13 demand remains selective
G13 witnessed allocations of 60,650 t, with Kulda OC Mine contributing 52,500 t, followed by 4,000 t each from Lajkura OCP and Laikera Rail Siding (MCFL). Orient 2 UG Mine accounted for the remaining 150 t.
The grade realised an average winning price of INR 1,231/t, marginally lower than INR 1,233/t in the previous auction, indicating largely unchanged bidding sentiment despite significantly lower allocations.
Sanish Ventures Pvt Ltd emerged as the largest buyer, securing 30,000 tonnes, followed by Pawansut Sponge Pvt Ltd with 10,000 tonnes and Orissa Metaliks Pvt Ltd with 5,000 tonnes.
G11 prices remain stable
G11 recorded allocations of 53,000 t, comprising 49,000 t from Siarmal OCP and 4,000 t from Sardega RLS (MCGB).
The grade cleared at an average winning price of INR 1,480/t, unchanged from the previous auction, highlighting sustained demand despite the lower allocated quantity.
Param Mitter Ventures Pvt Ltd emerged as the largest buyer, securing 30,000 tonnes, followed by Altrade Minerals Pvt Ltd with 9,000 tonnes and Orissa Metaliks Pvt Ltd with 7,500 tonnes.
G10 offered through rail mode
G10 recorded allocations of 4,000 tonnes, with the entire quantity sourced from BOCM-7 Rail Siding (BOCG) through rail mode.
The grade achieved an average winning price of INR 1,428/t, compared with its notified price of INR 1,360 per tonne, reflecting a premium of around 5%. Sujit Kumar Debata emerged as the sole buyer, procuring the entire allocated quantity.
Market outlook
The latest auction reflects cautious, requirement-based procurement amid comfortable domestic coal availability and subdued demand during the monsoon season. While G12 and G8 continued to attract firm premiums, G11 remained stable and G14 cleared close to its notified price, indicating ample availability of lower-grade coal.
Going forward, domestic coal supplies are expected to remain sufficient, supporting measured bidding activity. Higher-grade coal is likely to continue commanding healthy premiums, whereas lower-grade coal may witness selective buying unless industrial demand improves.
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