- BALCO, Rama Coal Washeries among top buyers
- G11 grade coal sees highest allocation
CIL subsidiary South Eastern Coalfields Ltd (SECL) allocated 676,200 tonnes of thermal coal in its auction held on 26 May 2025. G11 grade coal accounted for the largest share of the bookings, with prices across most grades reflecting steady premiums over notified rates.
Auction highlights
G11 grade saw the highest allocation at 551,300 t, booked at INR 1,419/t, which was around INR 238/t higher than its notified price of ₹1,181/t — a premium of nearly 20%. G10 grade had 48,700 t booked at INR 1,631/t, while the notified rate was INR 1,356/t. G9 grade was booked at INR 1,803/t for 19,000 t, reflecting a INR 301/t premium over the notified price of INR 1,502/t. Smaller quantities of G6 and G7 grades were also booked, primarily from underground mines, at INR 3,305/t and INR 3,042/t respectively.
Coal sources
High-volume coal offerings came from SECL’s major opencast mines. Kusmunda mine offered 154,400 t, RLS Laxman mine offered 200,000 t, and Gevra mine 121,200 t. Additionally, underground mines such as Gayatri and Ketki contributed limited volumes of higher-grade coal, which fetched higher bid prices.
Key buyers
Bharat Aluminium Company Ltd. (BALCO) was the largest buyer in the auction, booking 204,000 t at INR 1,418/t. Rama Coal Washeries booked 75,000 t, Vimla Infrastructure 30,000 t, Utkal Alumina 20,000 t, and Nalwa Steel and Power secured 15,000 t.
Market insight
The 26 May auction highlighted continued demand for mid-grade coal, with G11 drawing the highest interest. Buyers maintained active participation, and premiums stayed firm across most grades, driven by a mix of industrial consumers and traders sourcing from SECL’s opencast and underground mines.
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