- G3 coal records highest realised prices
- Buyer participation strengthens for premium coal
Eastern Coalfields Ltd. (ECL) recorded strong buyer participation in its e-auction held on 3 July 2026, with 74,500 t allocated against an offered quantity of 112,500 t, translating into an allocation ratio of 66.2%. The auction witnessed healthy demand across premium coal grades, particularly G4 and G3, as consumers continued to compete aggressively for higher-quality material.
Premium-grade coal remained the key driver of the auction, with G4 accounting for the largest share of allocated volumes, followed by G3. While G5 and W04 attracted comparatively lower volumes, both grades continued to command healthy premiums over their respective notified prices, indicating sustained demand for select higher-quality coal.
G4 dominates allocations with robust premiums
G4 coal emerged as the largest allocated grade in the auction, with 49,500 t booked. Against a notified price of INR 3,557/t, the grade realised an average bid price of INR 6,375/t, translating into an average premium of around 79%.
Nakrakonda offered the highest quantity of 30,000 t, fetching an average bid price of INR 6,278/t. Khottadih allocated 8,500 t at INR 6,332/t, while Jhanjra UG sold 5,000 t at INR 6,485/t. Kumardihi A offered 3,000 t, realising the highest average bid price among G4 mines at INR 6,617/t, followed by Belbaid, which also offered 3,000 t and fetched INR 6,394/t.
On the buyer side, Satyam Iron & Steel Co. Pvt. Ltd. emerged as the largest purchaser with 10,800 t, followed by Shakambhari Ispat & Power Ltd. with 7,200 t. Gagan Ferrotech Ltd. booked 5,000 t, while Khemka Minerals Pvt. Ltd., Shyam Steel Industries Ltd., and Shyam Steel Works Pvt. Ltd. procured 4,300 t, 2,500 t, and 2,500 t, respectively.
G3 coal attracts highest realised prices
G3 accounted for 18,000 t of allocations during the auction. With a notified price of INR 4,649/t, the grade realised an average bid price of INR 6,386/t, implying an average premium of around 37%.
Chitra contributed the majority of the volume, offering 15,000 t at an average bid price of INR 5,718/t, while Khas Kajora allocated 3,000 t, fetching the highest realised price of INR 7,099/t.
Among buyers, Shakambhari Ispat & Power Ltd. emerged as the largest buyer with 9,250 t, followed by Magadh Industries Pvt. Ltd. with 3,000 t. Satya Enterprises, Umesh Singh Choudhary HUF, and Rajesh Kumar HUF each procured 500 t.
G5 continues to command healthy premiums
G5 witnessed comparatively limited participation, with 500 t allocated during the auction, all of which was sourced from Bejdih.
Against a notified price of INR 3,275/t, the grade realised an average bid price of INR 5,129/t, translating into a premium of around 57%. On the buyer side, Ashis Dey procured 300 t, followed by Iconic Coal Company with 100 t, while Sangita Trading and Samar Enterprise booked 50 t each.
W04 records steady demand
W04 registered allocations of 6,500 t during the auction. The grade carried a notified price of INR 2,890/t and realised an average bid price of INR 3,639/t, representing an average premium of around 26%.
Chapapur offered 4,000 t, fetching an average bid price of INR 3,613/t, while Lakhimata UG allocated 2,500 t at an average bid price of INR 3,678/t.
Among buyers, Indian Traders emerged as the largest purchaser with 1,000 t, followed by Om Sai Ram Traders with 700 t. Maharani Coal Suppliers booked 450 t, while J.J. Enterprise procured 400 t.
Market outlook
The 3 Jul’26 ECL e-auction reflected sustained buying interest in premium coal grades, with nearly two-thirds of the offered quantity finding buyers. G4 remained the primary volume driver, while G3 achieved the highest realised prices, highlighting consumers’ continued preference for superior-quality coal.
Although G5 and W04 accounted for relatively smaller allocations, both grades attracted healthy premiums over their notified prices, suggesting that demand remained firm for select grades despite moderate volumes.
Overall, the auction indicates that buyers continue to prioritise premium-quality coal amid steady industrial demand, while bidding activity remains concentrated on grades offering superior quality and operational value.
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