New Delhi: e-Auction of coal mines for sale of coal that began today witnessed strong competition, with auction of some of the mines going on for more than 3-4 hours, the Ministry of Coal stated here today. It informed that in all the mines auctioned, the final offer received is above 10% signalling strong demand of coal mines in the market.
The Ministry said the technical bids submitted were evaluated and the list of Technically Qualified Bidders was declared, following which the electronic auction of the coal mines for commercial purpose was commenced today at 11:00 AM.
Also read: Our Coal Policy: Centre amends coal mines’ auction list after protests
The Ministry of Coal had launched the auction of coal mines for commercial mining on June 18, 2020 pursuant to a two stage forward auction process (comprising of Initial Offer and Final Offer), wherein the bidders have to bid for the percentage revenue share over the reserve price.
The results for Day 1 of the e-auction today were as under:
|
S. No. |
Name of the Mine | State | PRC (mtpa) | Geological Reserves (MT) | Closing Bid Submitted by | Reserve Price (%) | Final Offer (%) | Annual Revenue Generated (Rs. Cr.) |
| 1 | Takli Jena Bellora North and Takli Jena Bellora South | Maharashtra | 1.50 | 117.26 | AUROBINDO REALITY AND INFRASTRUCTURE PRIVATELIMITED/146875 | 4 | 30.75 | 267.16 |
| 2 | Urtan | Madhya Pradesh | 0.65 | 55.391 | JMS MINING PRIVATE LIMITED/147074 | 4 | 10.50 | 124.27 |
| 3 | MarkiMangli II | Maharashtra | 0.30 | 11.44 | YAZDANI INTERNATIONAL PVT. LTD. / 148341 | 4 | 30.75 | 53.43 |
| 4 | Radhikapur West | Odisha | 6.00 | 312.04 | VEDANTA LIMITED/68522 | 4 | 21.00 | 592.28 |
| 5 | Chakla | Jharkhand | 5.30 | 76.05 | HINDALCO INDUSTRIES LIMITED/64856 | 4 | 14.25 | 519.54 |
– globalbihari bureau
