- Steady demand for G4 grade coal
- High- to mid-grade coal dominates allocation
Eastern Coalfields Ltd (ECL) sold 48,850 tonnes (t) of non-coking coal in its spot e-auction held on 25 October 2025. The auction recorded active participation for G4 coal, which accounted for nearly 69% of total volumes, followed by smaller parcels of G3, G5, G6, and G9 grades. Bidding remained firm for G4 material despite limited overall volumes, signalling stable industrial demand post-festive period.
Grade-wise performance
The auction was dominated by G4 coal, contributing 33,500 t at an average bid price of INR 4,921/t, continuing its position as the most preferred grade among industrial buyers.
High-grade coal such as G3 (6,000 t) fetched stronger bids, averaging INR 6,631/t, reflecting sustained interest in better-quality fuel from high-value users.
Meanwhile, G5 (4,050 t) averaged INR 4,084/t, and G6 (500 t) traded at INR 3,780/t, indicating limited but steady demand. G9 (4,800 t) was booked at INR 1,772/t, attracting moderate participation.
Mine-wise allocations
Key supplies originated from a mix of opencast and underground mines.
Khottadih OC contributed the largest share of 10,000 t (G4 at INR 4,492/t), followed by Nakrakonda OC with 6,750 t (G4 at INR 4,437/t) and Jambad UG offering 6,000 t (G3 at INR 6,631/t).
Other notable contributors included Chitra OC (3,750 t, G4 at INR 4,437/t), JK Nagar UG (3,500 t, G4 at INR 5,532/t), and Kunustoria UG (3,000 t, G4 at INR 6,333/t).
Additional smaller allocations came from Siduli UG (G5, 2,750 t at INR 4,084/t), Nimcha UG (G4, 2,000 t at INR 5,676/t), and Badjna UG (G6, 500 t at INR 3,780/t). The diversity in sourcing highlights ECL’s balanced supply across collieries.
Buyer-wise allocations
Iconic Coal Company emerged as the top bidder, securing 5,650 t of G4 at an average price of INR 4,670/t.
Other major buyers included Mark Trading Company (3,100 t of G4 at INR 5,073/t) and Laxmi Narayan Enterprises (2,050 t of G4 at INR 5,325/t).
RCB Minerals Pvt. Ltd. booked 2,050 t across G4 and G5 grades, while Utility Briquettes Pvt. Ltd. purchased 1,650 t of G4 at a higher average of INR 6,237/t, indicating continued interest in mid-grade coal despite limited supply volumes.
Market scenario
The 25 October auction reflected stable industrial demand, particularly for G4 coal, which continued to dominate allocations across both opencast and underground sources.
Trading activity remained moderate post-festive season, with most buyers restocking cautiously amid subdued sponge iron and small industrial fuel demand.
However, competitive bidding for higher grades like G3 and selective interest in G4 highlight steady procurement trends from quality-conscious consumers.
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