- G4, G10 coal grades elicit interest in auctions
- Iconic Coal Company, Mahadev Enterprises top buyers
Eastern Coalfields Limited (ECL) conducted five coal auctions in April 2025 – on the 5th, 9th, 11th, 15th, and 19th – with cumulative sales of 160,800 t. G4 grade coal remained in strong demand in early April, while G10 saw notable buyer interest by mid-month. Average bid prices across grades reflected steady demand, especially for G4.
Sales trends
On 5 April, a total of 79,550 t were sold. G3 grade contributed 44,700 t at an average price of INR 4,644/t, while G4 followed with 27,000 t at INR 5,270/t.
During the 9 April auction, 31,550 t were sold, led again by G4 with 22,550 tsold at INR 5,293/t. On 11 April, total sales stood at 25,150 t, with G4 maintaining its lead by contributing 20,800 t sold at INR 5,363/t.
Sales volume dropped to 4,200 t on 15 April, although G4 continued to dominate. In a shift, the 19 April auction saw G10 grade taking the lead with 20,000 t sold at an average price of INR 2,634/t, contributing to the total of 20,350 t sold on that day.
Grade-wise performance
G4 leads April volumes: G4 was the top-selling grade throughout the first four auctions. It accounted for 27,000 tonnes on 5 April and 22,550 t on 9 April, with average prices staying above INR 5,200 per tonne, indicating sustained buyer interest.
G5 maintains steady buying: G5 grade featured in all auctions with volumes ranging from 350 to 6,500 t, reflecting steady but moderate demand.
G10 gains traction in final round: The last auction of the month saw a switch in buyer focus, with G10 grade selling 20,000 t at INR 2,634 per tonne, suggesting increased interest in lower-grade, economical coal.
Top buyers
Iconic Coal Company remained active in three auctions, buying 3,450 t on 5 April and another 1,150 tonnes on 9 April, continuing its dominance. Mahadev Enterprises emerged as the top buyer on 19 April with 4,000 tonnes, followed by Mahakal Trading and Rudra Enterprises.
Other key buyers included Chinmoy Mondal, who picked up 5,000 t on 11 April, along with Grasim Industries and Shree Vasudha Coal Traders, reflecting widespread participation across auctions.
Market implications
The ECL auctions in April showed stable demand for mid-grade coal like G4, while the sharp rise in G10 purchases during the final round pointed to price-sensitive buying. Despite fluctuations in total volumes, consistent procurement by firms like Iconic Coal Company and Mahadev Enterprises highlights shifting grade preferences and market adaptability.
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