Govt receives bids for 6th round of commercial coal auction
COAL & MINING

Govt receives bids for 6th round of commercial coal auction

In the technical stage of the sixth commercial coal auction, which offered 133 coal and lignite mines, the government has received bids for 32 mines.

According to a statement from the administration, 86 bids were submitted for the 32 coal mines. The 56 businesses that filed proposals were NTPC Ltd, Jindal Power Ltd, Jindal Steel & Power Ltd, Vedanta Ltd, JSW Steel Ltd, NLC India Ltd, Dalmia Cement, Shree Cement, Ultratech Cement, and Ambuja Cement.

An evaluation committee will review the bids, and the technically qualified bidders will be shortlisted for the electronic auction's next stage.

32 coal mines were offered, and 32 have been fully or partially investigated. The total annual peak rated capacity of the coal mines that have been fully explored is 85.62 million tonnes. Coking coal, which is primarily utilised in the making of steel, is found in one of the 32 mines.

The mines in Chhattisgarh's Gare Palma Sector IV/2 and IV/3, which have been thoroughly explored, attracted most bids.

The second-highest number of offers were received for the fully explored Namchik Namphuk mine in Arunachal Pradesh, which was followed by Banai-Bhalumuda in Chhattisgarh.

Four of the eight mines that had only received a single bid in the fifth tranche were offered again in the most recent auction.

According to the official, two of the four mines received single bids once more and will now be taken into consideration for allocation.

For all of the mines offered in the sixth round, the deadline for submitting technical bids was Monday.

According to the government, this is the biggest bid that has ever been submitted since the auction for commercial coal mines began in June 2020.

In the sixth round of commercial auctions held in November, the coal ministry had offered 133 coal mines, 71 of which were brand-new and 62 of which were carried over from prior tranches.

109 coal and lignite mines, as well as the second try of the fourth and third rounds, were auctioned in the auction's fifth round. 17 mines in total, with a peak annual capacity of 51 million tonnes, were successfully placed.

In the technical stage of the sixth commercial coal auction, which offered 133 coal and lignite mines, the government has received bids for 32 mines. According to a statement from the administration, 86 bids were submitted for the 32 coal mines. The 56 businesses that filed proposals were NTPC Ltd, Jindal Power Ltd, Jindal Steel & Power Ltd, Vedanta Ltd, JSW Steel Ltd, NLC India Ltd, Dalmia Cement, Shree Cement, Ultratech Cement, and Ambuja Cement. An evaluation committee will review the bids, and the technically qualified bidders will be shortlisted for the electronic auction's next stage. 32 coal mines were offered, and 32 have been fully or partially investigated. The total annual peak rated capacity of the coal mines that have been fully explored is 85.62 million tonnes. Coking coal, which is primarily utilised in the making of steel, is found in one of the 32 mines. The mines in Chhattisgarh's Gare Palma Sector IV/2 and IV/3, which have been thoroughly explored, attracted most bids. The second-highest number of offers were received for the fully explored Namchik Namphuk mine in Arunachal Pradesh, which was followed by Banai-Bhalumuda in Chhattisgarh. Four of the eight mines that had only received a single bid in the fifth tranche were offered again in the most recent auction. According to the official, two of the four mines received single bids once more and will now be taken into consideration for allocation. For all of the mines offered in the sixth round, the deadline for submitting technical bids was Monday. According to the government, this is the biggest bid that has ever been submitted since the auction for commercial coal mines began in June 2020. In the sixth round of commercial auctions held in November, the coal ministry had offered 133 coal mines, 71 of which were brand-new and 62 of which were carried over from prior tranches. 109 coal and lignite mines, as well as the second try of the fourth and third rounds, were auctioned in the auction's fifth round. 17 mines in total, with a peak annual capacity of 51 million tonnes, were successfully placed.

Next Story
Infrastructure Urban

Karnataka Seeks Rs.5,000 Crore World Bank Aid for Disaster Resilience

To strengthen Bengaluru's status as a global IT-BT hub while addressing its vulnerability to natural disasters, the Karnataka government has sought Rs.50 billion in financial assistance from the World Bank under a proposal called the Disaster Resilience Initiative. Of this, Rs.35 billion is earmarked for Bengaluru, with the remaining Rs.15 bilion allocated for disaster-prone cities like Belagavi and Mangaluru. According to government officials, Rs.25 billion will go to the Bruhat Bengaluru Mahanagara Palike (BBMP) for modernising the city’s stormwater drains, which have been neglected for t..

Next Story
Building Material

JSW Group and POSCO to Establish Greenfield Steel Plant in Keonjhar

Odisha Chief Minister Mohan Charan Majhi announced that JSW Group, in collaboration with South Korean steel giant POSCO, will set up a greenfield steel facility in his home district of Keonjhar. This development follows speculation regarding the location of the joint venture. During his two-day visit to Keonjhar to celebrate Diwali, Majhi disclosed that discussions about the steel plant took place during roadshows for the upcoming Make-in-Odisha conclave held in Delhi and Mumbai. He confirmed that the two companies have signed a Memorandum of Understanding (MoU) to establish the plant, which w..

Next Story
Infrastructure Energy

Coal India Eyes Dividend Return

Coal India Ltd. (CIL) is optimistic about rejoining the list of dividend-paying companies, primarily due to a notable improvement in the performance of its subsidiary, Eastern Coalfields Ltd. (ECL). ECL’s operational efficiency and financial performance have seen considerable progress, contributing positively to CIL’s overall profitability. After missing its dividend payout last year—a rarity given its history as a reliable dividend stock—CIL is working to restore shareholder confidence through enhanced production targets and cost-cutting measures. ECL's focused strategy on boosting pr..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000