- G12 premiums exceeded 70% across key mines
- Jindal Steel & Power led overall procurement
Mahanadi Coalfields Ltd. (MCL) allocated 1.0642 mnt of coal in its e-auction held on 20 August 2026. Grade-wise, G14 accounted for the largest allocation at 503,350 t, followed by G13 at 196,900 t, G11 at 182,000 t and G12 at 178,000 t. Bidding remained strongest for selected G12 sources, while G14 largely cleared at modest premiums or notified prices.
G12 continues to attract strong premiums
G12 recorded 178,000 t of allocations, with the average winning price at around INR 1,927/t against the notified price of INR 1,101/t, translating into a premium of around 75%.
Bidding remained strong across the major G12 sources. Bhubaneswari OCP recorded a winning price of INR 2,015/t, equivalent to an 83% premium, while Ananta OCP and Kaniha OCP attracted premiums of 71.3% and 70.3%, respectively. Smaller quantities from Bhubaneswari Silo and Spur 5 Rail Siding attracted even higher premiums of 85.5% and 87.4%.
The strength was also visible against the previous auction held on 11 August. Bhubaneswari’s premium increased from 74.8% to 83.0%, while Ananta rose from 69.4% to 71.3%. Kaniha recorded the sharpest improvement, with its premium increasing from 42.6% to 70.3%.
G13 and G11 maintain firm bidding
G13 allocations stood at 196,900 t, with the average winning price at around INR 1,287/t against the notified price of INR 1,016/t, representing a premium of around 26.7%.
Kulda OC Mine, which accounted for the bulk of the reported G13 allocation, realised INR 1,277/t, or a 25.7% premium. Laikera Rail Siding recorded a substantially higher premium of around 56.5%, although its allocation was only 4,000 t.
Compared with 11 August, Kulda G13 remained broadly stable, with its premium increasing marginally from 25.0% to 25.7%. This indicated steady demand rather than a significant change in bidding intensity.
G11 recorded 182,000 t of allocations, with an average winning price of around INR 1,522/t against INR 1,184/t notified, resulting in a premium of approximately 28.5%. Siarmal OCP accounted for the main allocation and recorded a 28.5% premium, up from 25.0% on 11 August.
G14 dominates volumes but premiums remain limited
G14 remained the largest allocated grade at 503,350 t, but bidding was considerably weaker than for G12. The average winning price was around INR 950/t against a notified price of INR 930/t, representing a premium of only around 2.2%.
Hingula OCP, which accounted for the largest individual allocation at 282,350 t, cleared entirely at the notified price, resulting in a 0% premium. Garjanbahal OCP and Integrated LBL OCP each realised INR 977/t, representing premiums of around 5.1%.
Smaller quantities attracted higher premiums. Spur 10 Rail Siding recorded a premium of around 24.7%, while Kanika Rail Siding attracted around 12.6%.
The comparison with 11 August showed little change at the major sources. Garjanbahal G14 remained at a 5.1% premium, while Hingula G14 remained at 0%, indicating that the large-volume G14 sources continued to face limited bidding pressure.
Buyer interest remains concentrated
Jindal Steel & Power Ltd. emerged as the largest buyer, securing 257,500 t, including 200,000 t of G14 and 57,500 t of G12. Jindal Power Ltd. followed with 141,000 t, entirely in G11.
Sanish Ventures Pvt. Ltd. purchased 100,000 t across G13 and G14, while National Aluminium Company Ltd. secured 65,000 t of G13. Tata Steel and GMR Kamalanga Energy also remained active, with significant purchases concentrated in G12 and G14.
Overall, the auction showed stronger competition for selected G12 sources, while G11 and G13 maintained firm but comparatively stable premiums. In contrast, large-volume G14 sources continued to clear close to notified prices, reinforcing the distinction between mine-specific demand and broad grade availability.
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