Friday, June 24, 2022

Commercial mining: Under ‘2nd attempt’ of auction, govt gets 7 bids for 4 coal mines

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  • The seven bids received by the Centre has come from seven different bidders
  • The Ministry of Coal had put up 11 coal mines on auction for commercial mining under the second attempt

New Delhi: The government has received a total of seven bids for four coal mines that it recently put up for auction for commercial mining as part of its second attempt to sell them off. In an official statement released on Tuesday, the Ministry of Coal said, “The auction process of 11 coal mines under second attempt of 12th Tranche of Auction under the Coal Mines (Special Provisions) Act, 2015 and second attempt of 2nd Tranche of Auction under the Mines and Minerals (Development and Regulation) Act, 1957 for sale of coal was 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 statement added. The online bids were decrypted and opened electronically in the presence of bidders. Subsequently, sealed envelopes containing offline bid documents were also opened in the presence of bidders. 

Commercial mining: 7 companies in fray to win 4 coal mines

The seven bids received by the Centre has come from seven different bidders — Auro Coal Private Limited, JSW Steel Ltd, MP Natural Resources Private Limited, Adhunik Power & Natural Resources Ltd, Assam Mineral Development Corporation Limited, Virtuous Mining Limited and Twenty First Century Mining Private Limited. 

The maximum number of bids (three) have been received for Lalgarh (North) coal block in Hazaribagh district of Jharkhand followed by two for Beheraband North Extension coal block in Anuppur district of Madhya Pradesh. One bid each has been received for Gondbahera Ujheni East coal block in Singrauli district of MP and Tokisud block II in Hazaribagh.

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