Vedanta emerges as successful bidder for coal block in Odisha
COAL & MINING

Vedanta emerges as successful bidder for coal block in Odisha

Vedanta has emerged as a successful bidder for a coal block in Odisha, which was put for rebid in the second attempt of the auction of blocks for commercial mining.

The Ministry of Coal told the media that the total number of mines successfully auctioned in the first tranche of the auction for commercial mining is 20 out of 38 coal mines offered, with the successful auction of Kurali (A) north coal mine in Odisha. Out of 39 coal mines, 19 were successfully auctioned in the first auction attempt under the 11th tranche of auction under the CM Act 2015 and under the first tranche of auction under the MMDR Act 1957.

Four coal mines out of the remaining mines which had fetched a single bid in the first attempt were put up for re-auction in a second attempt by the Ministry of Coal with the same terms and conditions but with the best initial offer received within the first annulled attempt of the auction as the floor price for the second attempt.

For commercial mining, the coal ministry had launched the auction process of 38 coal mines in the first tranche of the auction to sell coal.

Kurali (A) North is the largest mine in terms of PRC of all the mines successfully auctioned in the first tranche with a peak rated capacity of eight million tonnes per annum (MTPA).

The mine is expected to provide employment to over 10,000 people and also generate annual revenue of Rs 763 crore.

Image Source


Also read: Vedanta to establish aluminium park in Odisha at Rs 10k cr

Also read: Vedanta unit plans 10-year extension for Barmer field in Rajasthan

Vedanta has emerged as a successful bidder for a coal block in Odisha, which was put for rebid in the second attempt of the auction of blocks for commercial mining. The Ministry of Coal told the media that the total number of mines successfully auctioned in the first tranche of the auction for commercial mining is 20 out of 38 coal mines offered, with the successful auction of Kurali (A) north coal mine in Odisha. Out of 39 coal mines, 19 were successfully auctioned in the first auction attempt under the 11th tranche of auction under the CM Act 2015 and under the first tranche of auction under the MMDR Act 1957. Four coal mines out of the remaining mines which had fetched a single bid in the first attempt were put up for re-auction in a second attempt by the Ministry of Coal with the same terms and conditions but with the best initial offer received within the first annulled attempt of the auction as the floor price for the second attempt. For commercial mining, the coal ministry had launched the auction process of 38 coal mines in the first tranche of the auction to sell coal. Kurali (A) North is the largest mine in terms of PRC of all the mines successfully auctioned in the first tranche with a peak rated capacity of eight million tonnes per annum (MTPA). The mine is expected to provide employment to over 10,000 people and also generate annual revenue of Rs 763 crore. Image Source Also read: Vedanta to establish aluminium park in Odisha at Rs 10k cr Also read: Vedanta unit plans 10-year extension for Barmer field in Rajasthan

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

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