Coal Auctions

The government will offer 27 coal blocks across various states as it launches the fresh round of commercial mine auction on Thursday. Union Minister of coal and mines G Kishan Reddy will launch the 11th round of commercial coal mine auctions on December 5, an official statement said. The forthcoming auction offers 27 coal blocks distributed across various states and regions, designed to promote regional economic growth, and create employment opportunities. "In this round, 20 coal mines will be offered for bidding, comprising 10 fully explored and 10 partially explored blocks. "Additionally, seven coal mines from the second attempt of round 10 will also be on offer, including four fully explored and three partially explored blocks," the coal ministry said. All these are non-coking coal blocks which are expected to generate annual revenue of approximately Rs 1,446 crore at peak-rated capacity and create around 19,063 employment opportunities.

Union Minister G Kishan Reddy will on Friday launch the 10th round of commercial coal auctions in which 60 mines will be put on block, an official statement said on Wednesday. The move will enhance domestic coal production and ensure energy security for the nation. The blocks to be put on sale include both coking and non-coking coal mines, the statement by Ministry of Coal said. The union minister of coal and mines will launch the 10th round of commercial coal mining auctions on June 21 in Hyderabad. Minister of State for Coal and Mines Satish Chandra Dubey, Deputy Chief Minister of Telangana Mallu Bhatti Vikramarka and Coal Secretary Amrit Lal Meena will be present on the occasion, it said. "The upcoming auction round includes 60 coal blocks, encompassing a diverse range of coking and non-coking coal mines. Strategically located across different states/regions, these blocks will support regional economic development and employment generation," the ministry said. Out of 60 coal m

As many as 32 coal mines were put into action in the 9th round

The Centre on Monday refuted media reports that West Bengal Power Development Corporation Limited was illegally barred by the Coal Ministry from participating in an auction for coal mines located in West Bengal. "An article has been published in a section of media alleging that the Union Government illegally barred West Bengal from coal auctions, benefiting a corporate. "It is alleged that the Coal Ministry disqualified West Bengal Power Development Corporation Limited (WBPDCL) from participating in the auction of West Bengal-based coal mines considering WBPDCL as a prior allottee and has not paid additional levy within the prescribed time," the Ministry of Coal said in a statement. The allegations made in the article are incorrect and baseless, the ministry said. Coal mines are allocated through auction to government and private companies and through allotment only to government companies, it added. As per Section 4(4) of the Coal Mines (Special Provision) Act, if the prior allot

A total of 39 mines will be put on sale in the eighth round of commercial coal mines auction, which will be launched on Wednesday, the government said on Monday. Pursuant to the launch of the first tranche of commercial coal mine auction by Prime Minister Narendra Modi in June 2020, a total of 91 coal mines in seven tranches have been put on sale. "A total of 35 coal mines will be offered in the upcoming round comprising 11 under the Coal Mines (Special Provisions) Act, 2015 and 24 under the MMDR Act 1957... Additionally, four coal mines are being offered under the second attempt of round seven of commercial coal auction," the coal ministry said in a statement. The launch of the eighth round of commercial coal mining auctions is a significant step towards promoting private sector participation in the coal mining industry and increasing coal production, it said. "The Ministry of Coal is gearing up for the launch of the eighth round of auctions for commercial coal mines on November 1

The Centre has transferred Rs 704 crore upfront payment that it received from the sixth round of coal mine auctions to six states, an official statement said on Thursday. The amount has been transferred to coal-bearing states of Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, and West Bengal, the Ministry of Coal statement said. "The Ministry of Coal has transferred Rs 704 crore upfront amount received from auction of coal mines to these six coal-bearing states. This financial transfer marks a substantial initiative to empower and support developmental growth of these states," it said. The allotted amount of Rs 704 crore represents the first installment of upfront amount for 18 coal mines that were successfully auctioned in the sixth round of auctions and second attempt of the fifth round of commercial coal mine auctions.

The coal ministry on Tuesday said it has received 35 bids under the seventh round of auctions of commercial coal mines. This round of auction was started by the ministry for 103 mines on March 29, 2023. The last date for submission of bids was June 27. According to the ministry, a total of 35 offline bids have been received for 18 coal mines and two or more bids have been received for seven mines. The online bids received as part of the auction process will be opened on June 28.

The government has extended the last date to submit bids under the seventh round of commercial coal auctions till June 27, 2023, an official statement said Wednesday. The government had earlier fixed May 30 as the last date to submit bids for the 106 coal mines that were put on the block in the latest round of auctions. On March 29, the government launched the seventh round of commercial coal auctions in a bid to increase the availability of the dry fuel in the country. In a statement, the Ministry of Coal said: "In view of requests received from a large number of potential bidders, it has extended the last date for bid submission by 28 days and now the last date for bid submission for the seventh round of auctions is 27.06.2023 which was 30.5.2023 earlier." The ministry further said that so far 133 mines with cumulative peak rated capacity (PRC) of 540 million tonne per annum (MTPA) have been allocated/auctioned. In order to facilitate the private players for early development of

Steel, power and cement companies have bagged a sizable number of blocks auctioned under the sixth round of commercial coal auctions. As per an official note, JSW Steel has won Banai and Bhalumunda mines in Chhattisgarh, another block Parbatpur Central and Sitanala mines in Jharkhand, while JSW Cement bagged Marwatola - VI mine in Madhya Pradesh (MP). Jindal Power won Gare Palma Sector - I, Gare Palma IV/2 and Gare Palma IV/3 coal mines located in Chhattisgarh. Rungta Sons Private Limited has bagged Sakhigopal B Kankili and Chhendipada (Revised) blocks in Odisha, and Choritand Tiliaya in Jharkhand. RCR Steel Works won Patal East (Eastern Part) located in Jharkhand, Orissa Metallurgical Industry has secured Kagra Joydev mine in West Bengal. Cement companies Ambuja Cements Limited won Dahegaon-Gowari mine in Maharashtra, Ultratech Cement got Arjuni East in Madhya Pradesh, Dalmia Cement (Bharat) won Mandla North in Madhya Pradesh, Rama Cement Industries got 1 Marwatola VII mine in

The government will put on the block 106 coal mines on Wednesday, launching the seventh round of commercial auctions, an official statement said. In the statement, the coal ministry said it will also be signing the agreements for the 28 coal mines auctioned under the sixth round of auctions, it said. "The Ministry of Coal will be signing the agreements for 28 coal mines auctioned under the sixth round and launching the seventh round of auction of mines for sale of coal on March 29, 2023," the statement said. The cumulative PRC (peak rated capacity) of the 28 coal mines auctioned under previous round is 74 million tonne per annum (MTPA) and these mines are expected to generate annual revenue of Rs 14,497 crore calculated at PRC of these coal mines. Upon operationalisation, these mines are expected to generate employment for one lakh people, the ministry said. Of the 106 coal mines offered under seventh round, 61 mines are partially explored coal mines and 45 are fully explored ones.

The coal ministry has auctioned close to 64 coal mines to date under commercial auction

The Ministry of Coal on Wednesday said it has put on auction 122 coal and lignite mines under the commercial auction process. Addressing the fifth tranche of auction launch, Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi said 42 coal mines have already been auctioned successfully so far. In a statement, the ministry said it "has placed on offer 122 coal/lignite mines today under commercial auction of coal mines, including 18 new coal mines." Sharing the details of mines under different tranches for auction, it said there are 109 coal mines under 15th Tranche of Coal Mines (Special Provisions) Act, 2015 and 5th Tranche of Mines and Minerals (Development & Regulation) Act, 1957. Of the 109 mines on offer, 59 are fully explored mines and 50 are partially explored mines. Four coal mines are under second attempt of 14th Tranche of Coal Mines (Special Provisions) Act, 2015 and Second Attempt of 4th Tranche of Mines and Minerals (Development & ...

The government has laid down a plan to auction coal blocks which will also be a major boost for increasing the revenue streams for the mine bearing states

Most of the bidders are from iron and steel industry; three state-owned companies have also participated

CIL scripted an all-time high of 124 MT in e-auction sales in 2020-21 posting 88 per cent growth over the preceding year.

State-owned CIL allocated 42.51 million tonne of coal in 2020-21 under spot e-auction scheme, registering a year-on-year increase of 42.5 per cent

Competition from private players is not a worrying factor for CIL. Their role will be complementary to ours, said Pramod Agarwal

The mines ministry plans to do the same through amendment of the mining rules and has sought comments and suggestions from stakeholders on the same.

'Single Window Clearance Portal' for successful bidders of coal mines under Oct-Nov 2020 auction

Fuel allocation by CIL under the scheme also increased to 4.09 MT in November, from over 3.58 MT in the corresponding month of 2019