- 1.66 mnt allocated against offered volume of 1.84 mnt
- Ananta, Bhubaneswari G12 prices rise from previous auction
Mahanadi Coalfields Ltd. (MCL) allocated 1.66 mnt in its non-coking coal e-auction held on 19 September 2026 against 1.841 mnt offered, with strong bidding for selected G12 and G13 sources. G12 recorded the highest premiums, led by Jagannath and Bhubaneswari, while G14 bidding remained mixed across mines. The auction also included 148,000 t of washery rejects, which cleared at the notified price.
G12 fetches strong bidding
G12 attracted strong competition at all three offered sources. Jagannath G12 recorded the highest premium of 191.3%, with a winning price of INR 3,207/t against INR 1,101/t notified. Bhubaneswari G12 followed at 171.4%, with a winning price of INR 2,988/t, while Ananta G12 cleared at INR 2,878/t, carrying a 161.4% premium.
G13, G14 show mixed results
G13 bidding varied by source. Balram G13 recorded a 108.4% premium at INR 2,117/t against INR 1,016/t notified, while Lajkura attracted a 35.6% premium. Orient G13 recorded only a 3.9% premium.
G14 bidding remained mixed. LBL Int recorded a 25.8% premium, while Samleswari attracted 7.8%. Hingula was almost at the notified price, with a 0.5% premium. Washery rejects at IB Valley cleared at the notified INR 507/t.
G12 bids increase from previous auction
The 19 September auction showed stronger bidding for selected G12 sources, while G14 results remained mixed. Ananta G12 and Bhubaneswari G12 recorded higher winning prices than on 10 September. In contrast, Hingula G14 saw a sharp decline, while Samleswari G14 moved higher from the notified level.
Buyer participation
Jindal Steel was the largest buyer, securing 450,000 t, including 380,000 t G14 and 70,000 t G12. Alps Mining Services followed with 142,500 t, while Tata Steel secured 66,000 t. Rungta Mines purchased 60,200 t, while Feegrade and Company secured 55,000 t of G13.
Overall market view
The 19 September MCL auction showed that bidding remained strong for selected higher-grade coal sources, particularly G12. Winning prices at Ananta and Bhubaneswari increased from the 10 September auction, while Jagannath also attracted the highest premium in the latest auction. However, G14 bidding remained mixed, with Hingula seeing a lower outcome while Samleswari moved above the notified price. The variation across mine-grade combinations indicated that buyer interest remained focused on specific sources rather than being broad-based across the entire offering.
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