Home » COAL » Opening of Technical Bids for Auction of Coal Mines for Sale of Coal

Opening of Technical Bids for Auction of Coal Mines for Sale of Coal

(Second Attempt – 12thTranche of Auction under the Coal Mines (Special Provisions) Act, 2015)
(Second Attempt – 2nd Tranche of Auction under the Mines and Minerals (Development and Regulation) Act, 1957)

The auction process of eleven coal mines under second attempt of 12thTranche of Auction under the Coal Mines (Special Provisions) Act, 2015 and second attempt of 2ndTranche of Auction under the Mines and Minerals (Development and Regulation) Act, 1957for sale of coalwas launched by the Nominated Authority, Ministry of Coal on September 27, 2021. The last date of submission of Technical Bid was November 29, 2021. As part of the auction process, Technical Bids comprising of online and offline bid documents were opened today (November 30, 2021) 11:00 am onwards at Ministry of Coal, in the presence of the bidders.

The online bids were decrypted and opened electronically in the presence of the bidders. Subsequently, sealed envelopes containing offline bid documents were also opened in the presence of bidders.A total of 7 (seven) bids have been received for 4 (four) coal mines. Mine-wise list of bids received is appended below:

Sl No Name of Coal Mine No of Bids
Beheraband North Extn 2
GondbaheraUjheni East 1
Lalgarh (North) 3
Tokisud Block II 1
  Total Bids 7

 

A total of 7 companies have submitted their bids in the auction process as per the following list:

Sr. No Name of the Bidder No of Bids Submitted
Auro Coal Private Limited 1
JSW Steel Ltd. 1
MP Natural Resources Private Limited 1
Adhunik Power & Natural Resources Ltd. 1
Assam Mineral Development Corporation Limited 1
Virtuous Mining Limited 1
Twenty First Century Mining Private Limited 1
  Total Bids 7

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

One More Coking Coal Mine Auctioned on Third Day of Auctions On third day of ...

Diversification of Coal CPSE’s for Sustainable Energy Ecosystem

The Ministry of Coal is at the forefront of a transformative initiative aimed at diversifying ...

CIL Achieves Record Coal Production of 703.91 MT up to 7th March 2024

The Coal India Limited (CIL) has achieved a record production of 703.91 million tonnes (MT) ...

Year of Exponential Growth of Coal CPSEs

Last one year, coal CPSEs have witnessed an exponential growth commensurate with their contribution to ...

Coal Ministry’s Response to Allegations Raised Against Coal Auctions held in 2015

Recently, an article has been published in a section of media alleging that Union Government ...

Historical Coal Production growth: Cheaper and Assured Availability

Our country is endowed with 5th largest geological reserves of coal.  We are 2nd largest consumers of ...

Coal Production and Dispatch from Captive and Commercial Mines Goes up by 27% and 29% respectively during Current Fiscal upto February 2024

There is month on month (m-o-m) and year-on-year (yoy) increase in coal production and dispatch ...

Union Minister Pralhad Joshi launches “Coal Logistics Plan and Policy”

Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi has launched a groundbreaking ...

13.80% Compounded Annual Growth rate of revenue from Coal Mining during 2014-2023

Coal mining sector has proved to be a big booster for economic growth of the ...

Coal India Limited Signs MoU with Indian Institute of Managements (IIM) to boost PM’s mission Gati Shakti

The Coal India Limited entered into a Memorandum of Understanding (MoU) with Indian Institute of ...

WP2Social Auto Publish Powered By : XYZScripts.com