Ministry of Coal Opens Technical Bids for 103 Coal Mines
POWER & RENEWABLE ENERGY

Ministry of Coal Opens Technical Bids for 103 Coal Mines

On March 29, 2023, the Nominated Authority, Ministry of Coal, began the auction procedure for 103 coal/lignite mines for the selling of coal. The deadline for submitting Technical Bids for all coal mines was June 27, 2023. Technical Bids, which included both online and offline bid documents, were opened today (June 28, 2023) as part of the auction process. In the presence of the bidders, the online bids were decrypted and opened electronically. Following that, sealed envelopes holding offline bid paperwork were opened in front of bidders. The entire process was shown to the bidders on screen.

A total of 35 bids (both online and offline) were received in two tranches of commercial coal mine auctions (7th tranche and 2nd try of 6th tranche). In the seventh batch of auctions, a total of 34 bids were received both online and offline against 17 coal mines, with two bids received solely online but not offline. Two or more offers were received for seven coal mines, totaling 24 bids (both online and offline) for seven coal mines, while ten coal mines received single bids (both online and offline). Nine of the 17 coal mines have been partially investigated, while the remaining mines have been fully explored. The total peak rated capacity (PRC) of fully developed coal mines is 47.80 million tons per year.

Under 2nd Attempt of Sixth tranche, a total of 5 coal mines were put up for auctions and one bid has been received against 1 coal mine which is a fully explored non-coking coal mine. The PRC of the coal mine is 4 MTPA.

The bids will be evaluated by a multi-disciplinary Technical Evaluation Committee and Technically Qualified Bidders will be shortlisted for participation in the electronic auction, to be conducted on MSTC portal shortly.

See also:
Cabinet greenlights Rs 29.80 bn for Coal and Lignite Exploration
India to close 30 coal mines, promote reforestation


On March 29, 2023, the Nominated Authority, Ministry of Coal, began the auction procedure for 103 coal/lignite mines for the selling of coal. The deadline for submitting Technical Bids for all coal mines was June 27, 2023. Technical Bids, which included both online and offline bid documents, were opened today (June 28, 2023) as part of the auction process. In the presence of the bidders, the online bids were decrypted and opened electronically. Following that, sealed envelopes holding offline bid paperwork were opened in front of bidders. The entire process was shown to the bidders on screen. A total of 35 bids (both online and offline) were received in two tranches of commercial coal mine auctions (7th tranche and 2nd try of 6th tranche). In the seventh batch of auctions, a total of 34 bids were received both online and offline against 17 coal mines, with two bids received solely online but not offline. Two or more offers were received for seven coal mines, totaling 24 bids (both online and offline) for seven coal mines, while ten coal mines received single bids (both online and offline). Nine of the 17 coal mines have been partially investigated, while the remaining mines have been fully explored. The total peak rated capacity (PRC) of fully developed coal mines is 47.80 million tons per year. Under 2nd Attempt of Sixth tranche, a total of 5 coal mines were put up for auctions and one bid has been received against 1 coal mine which is a fully explored non-coking coal mine. The PRC of the coal mine is 4 MTPA. The bids will be evaluated by a multi-disciplinary Technical Evaluation Committee and Technically Qualified Bidders will be shortlisted for participation in the electronic auction, to be conducted on MSTC portal shortly. See also: Cabinet greenlights Rs 29.80 bn for Coal and Lignite ExplorationIndia to close 30 coal mines, promote reforestation

Next Story
Infrastructure Energy

Centre suggests states to list power firms

Power Minister Manohar Lal urged states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges to attract investment and improve operational efficiency. Addressing the media, after a conference of power ministers, Lal highlighted the need for increased capital inflows to meet India’s rising power demand, which has placed added strain on the sector. “With the growing power demand, there is a growing need for investment in the sector and improving operational efficiencies. States may identify and take up utilities for lis..

Next Story
Infrastructure Transport

Metro on backburner as Tricity set to get new e-buses circuit

To boost connectivity for the commuters of the Tricity, a new circuit-cum-network of electric buses (e-buses) is all set to come up that will cover Chandigarh, Panchkula, and Mohali. The move comes days after Union Minister for Housing and Urban Affairs Manohar Lal Khattar said that in Chandigarh the ridership is not according to the criteria set for operating a Metro. He had also said that the option of a pod taxi can also be explored as it will not impact the heritage of the Union Territory (UT).Officials stated that the e-buses decision intends to provide an eco-friendly public transportati..

Next Story
Infrastructure Energy

Rajasthan government plans to develop hi-tech city near Jaipur

On the lines of Gujarat International Finance Tech (GIFT) City and Hyderabad Information Technology and Engineering Consultancy (HITEC) City, Raj govt is gearing up to develop a "hi-tech city" close to Jaipur. Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur. "We are going to construct a hi-tech city on the outskirts of Jaipur. We are trying to ascertain the amount of land required for core areas of the city and for areas wh..

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