Saturday, May 14, 2022

Commercial mining auction: Jindal Steel, Hindalco win coal blocks on Day 2 & 3

Must read

  • BS Ispat Ltd has emerged as the highest bidder for Majra mine in Maharashtra, while Assam Mineral Development Corporation has bagged Garampani coal block in Assam
  • On the 2nd and 3rd day of the commercial coal mine e-auction (February 9-10), a total of five coal mines were put up for auction

New Delhi: Jindal Steel and Power has secured Utkal-C coal mine in Odisha, while Hindalco Industries won the Meenakshi mine in the state on the second and third days of commercial coal mine auction. According to a statement released by the Ministry of Coal, BS Ispat Ltd has emerged as the highest bidder for Majra mine in Maharashtra, while Assam Mineral Development Corporation has bagged Garampani coal block in Assam.

E-auction for Namchik Namphuk mine in Arunachal Pradesh was in progress till 10:00 am on Friday, the coal ministry said in a statement.

Commercial coal mine auction: 10 mines on sale

The government has put 10 coal mines on sale in the third round of commercial coal mine auctions. “On the 2nd and 3rd day of the e-auction (February 9-10), the cumulative five coal mines were put up for auction,” said the statement. The five coal mines are fully explored and have total geological reserves of 528.051 million tonne.

The cumulative peak rated capacity (PRC) for these coal mines is 16.07 million tonne per annum (MTPA). 

On first day, Dalmia Cement bagged two coal blocks in Jharkhand

On the first day of the auction on February 8, five blocks were sold. Dalmia Cement Bharat Ltd had emerged as the highest bidder for two coal blocks in Jharkhand. While Mahanadi Mines and Minerals had secured a coal block in Odisha, Yazdani Steel And Power was the highest bidder for another coal mine in the state, the coal ministry had said in a statement.

Assam Mineral Development Corp Ltd had secured a mine in Assam. Five coal mines were put up for auction on the first day of the auction, the statement said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated)

- Advertisement -

More articles

- Advertisement -

Latest News