- Sonepur Bazari OC leads allocations
- Shakambhari emerges as largest buyer
Eastern Coalfields Limited (ECL) conducted its non-coking coal e-auction on 28 February 2026, offering 1,138,000 tonnes (t) across multiple grades. However, allocations remained limited at 74,950 t, indicating selective participation despite the sizeable notified quantity.
G4 dominates allocations
Mid-grade G4 coal accounted for the largest share, with 51,550 t allocated at an average INR 4,706/t. Sonepur Bazari OC led allocations with 35,000 t cleared at INR 5,652/t, followed by Jhanjra UG (8,100 t at INR 4,453/t) and Nakrakonda OC (6,900 t at INR 4,437/t). Smaller parcels were also allocated from Shyamsundarpur UG and Lower Kenda UG, both clearing near INR 4,437/t.
Lower-CV G11 coal totalled 14,150 t at INR 2,151/t, largely from Hura C OC (9,300 t) and Rajmahal OC (4,850 t).
Other grades saw relatively smaller allocations. G6 coal from Mohanpur OC cleared 2,700 t at INR 3,024/t, while G5 coal from Siduli UG and Barmuri OC totalled 2,200 t at INR 4,084/t.
Lower grades G13 and G12 recorded allocations of 1,950 t at INR 1,713/t and 1,900 t at INR 1,798/t respectively, mainly from Rajmahal OC and Hura C OC. A limited 500 t of W03 grade from Hariajam UG cleared at INR 3,692/t.
Buyer participation
Buyer participation was led by Shakambhari Ispat and Power Limited, which secured 19,600 t of G4 coal at INR 5,627/t, making it the largest buyer in the auction.
Saroj Commodities Pvt Ltd lifted 11,000 t of G4 at INR 5,667/t, while Iconic Coal Company secured 6,300 t, including 5,500 t of G4 and 800 t of G5.
Other participants included P.K. Enterprises (3,000 t of G11), Reet Sales (2,000 t of G4), and Shakti Ventures (2,000 t of G11).
Additional allocations were recorded by KSK. Agencies, Nahata Shipping and Logistics, Shree Bahubali Mercantile, and RLB Infra Projects LLP, primarily across G11, G12, G13, and smaller G4 parcels.
Market overview
The auction reflected disciplined procurement behaviour, with buyers focusing mainly on G4 parcels from select mines rather than participating aggressively across all grades.
Although the auction offered over 1.13 mnt, the allocation ratio remained relatively low, indicating cautious buying sentiment. Market participants largely procured need-based volumes, maintaining flexibility amid volatile imported coal prices and evolving global market conditions.
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