- G6, G8 fetch substantial premiums across key sources
- G14 bidding remains comparatively moderate at 24%
South Eastern Coalfields Ltd. (SECL) allocated 452,400 t in its e-auction held on 22 August 2026, with strong bidding across several higher and mid-grade coal sources. The auction showed particularly firm competition for G8, G6 and G7 coal, while G14 attracted more moderate premiums. Mine-specific bidding remained evident, with winning prices varying considerably even within the same grade.
G6, G8 attract strong bidding
G6 recorded 64,000 t of allocations. Amera G6 attracted the highest winning price at INR 6,442/t, representing a 133.3% premium over INR 2,761/t notified. Kurja UG recorded a 58.5% premium, while Rajnagar Ro attracted only 20.0%.
G8 emerged as one of the strongest-performing grades, with 77,000 t allocated across Amera G8 Cluster, Jhilmili UG, Rajnagar OC, Jainagar Siding and Rajnagar Ro. Amera G8 Cluster recorded a winning price of INR 4,686/t against a notified price of INR 1,931/t, translating into a 142.7% premium.
Jhilmili UG followed with 118.9%, while Rajnagar OC attracted 113.9%. Jainagar Siding recorded a 107.0% premium, although the allocation was only 4,000 t. Rajnagar Ro was comparatively weaker at 20.0%.
The wide variation highlighted continued buyer preference for specific mine sources rather than uniform grade-based bidding.
G7, G11 also see firm premiums
G7 allocations totalled 73,000 t. Ketki UG recorded a winning price of INR 5,413/t, equivalent to a 113.1% premium over the notified price of INR 2,540/t. Pandavapara followed with a 100.4% premium, while Rehar UG attracted 107.2%.
Vijay West UG and Jainagar Siding recorded lower premiums of 68.4% and 76.7%, respectively.
G11 accounted for 104,000 t, mainly from Dipka OC. Its winning price of INR 2,911/t against INR 1,184/t notified represented a 145.9% premium. The smaller Dipka Silo parcel attracted a more moderate 30.2% premium.
G12, G10 show selective strength
Jampali OC’s 30,000 t of G12 cleared at INR 1,970/t, against a notified price of INR 1,101/t, giving a 78.9% premium.
Baroud OC’s G10 also attracted strong bidding. The winning price reached INR 3,242/t against INR 1,360/t notified, resulting in a 138.4% premium. Its G13 parcel of 15,000 t realised INR 1,547/t, equivalent to a 52.3% premium.
G5 allocations totalled 14,000 t. Rani Atari UG recorded a 62.4% premium at INR 4,882/t, while Duman Hill Siding attracted only 20.0%.
G14 remained relatively subdued. Jampali OC’s 30,000 t cleared at INR 1,173/t, a 26.1% premium, while the 400 t Bijari-G14 parcel recorded INR 1,116/t, or a 20.0% premium.
Grade-wise comparison with 17 Aug auction
Compared with the 17 August auction, bidding strengthened across most grades offered in both auctions. G8 recorded a weighted premium of around 124.9% on 22 August, up from 119.5% on 17 August. G11 also strengthened sharply to around 126.4% from 20.1%, while G5 increased to around 50.3% from 38.4%. G14 rose to around 24.1% from 15.1%. G3, however, was not directly comparable on a meaningful basis as the 22 August result did not include G3. The stronger grade-level premiums indicated broader bidding intensity in the latest auction, particularly for G11 and G8.
Buyer participation remains diversified
Indermani Mineral India Pvt. Ltd. emerged as the largest buyer with 59,400 t, entirely in G11. Hind Unitrade Pvt. Ltd. secured significant quantities across G6, G7 and G8, while Singhal Steel and Power Pvt. Ltd. purchased coal across five grades.
Mahendra Sponge and Power Ltd. secured 15,000 t of G6, while Hind Unitrade also purchased 15,200 t of G8 through a separate allocation. The buyer mix indicated participation from steel, sponge iron and trading companies.
Overall, the 22 August auction showed strong premiums across several preferred mine-grade combinations, with G8, G6, G7 and G11 attracting particularly firm bidding. However, the variation between mines reinforced the importance of source-specific coal quality and availability in determining final auction prices.
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