- Adani Power emerges as leading buyer, with 100,000 t
- G10, G14 see largest allocations; G7, G6 fetch strong bids
South Eastern Coalfields Ltd (SECL) allocated 261,750 tonnes (t) of coal in its auction held on 16 August 2025. The auction witnessed mixed demand, with premiums firming for select grades, particularly mid-to-high CV coal, while lower grades saw allocations closer to reserve levels.
Auction highlights
The largest allocation was for G10, with 112,000 t booked from Chhal Silo at INR 1,628/t, modestly above its reserve price (INR 1,318/t). Significant volumes were also seen for G14; 67,500 t from Baroud Silo and OC were booked exactly at the reserve price of INR 1,113/t, indicating muted competition in lower-CV grades.
Premium grades fetched stronger bids — G7 (35,000 t) averaged INR 3,702/t, well above its reserve of INR 3,040/t. Similarly, G6 (12,300 t) fetched INR 3,444/t, reflecting a solid premium over reserve (INR 3,305/t). Smaller parcels of G5 (12,000 t) and SC II (5,000 t) were booked at their reserve levels (INR 3,597/t and INR 3,452/t, respectively).
Top buyers
Adani Power Ltd emerged as the largest buyer, with 100,000 t booked. Other notable participants included DB Power Ltd (48,000 t), BS Sponge Pvt Ltd (12,000 t), and Harmandar Coal Pvt. Ltd (9,000 t). Smaller allocations went to Khatu Trading (8,000 t), Shelter Infra Developers (7,000 t), and Agarwal Fuel Corporation (6,000 t).
Market scenario
The auction reinforced that while lower-CV grades such as G14 attracted little competition, higher-CV ones such as G6 and G7 commanded firm premiums, reflecting blending requirements and steady industrial demand. Overall, selective buying interest kept premiums unchanged even in a cautious market environment.
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