Author: Shivani Patil
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India: ECL’s non-coking coal auctions see selective buying; G3, G4 fetch firm bids
Low allocation ratio suggests cautious market sentiment Higher bids for G3 coal indicate firm demand for higher calorific material Eastern Coalfields Limited (ECL) conducted two e-auctions on 26 February 2026, offering a combined 1,256,000 tonnes (t) of mostly non-coking coal across multiple grades. However, total allocations remained modest at 33,350 t, reflecting cautious and limited…