Coal Mine Auction

NLC India Ltd, ACC Ltd, and JSW Energy Utkal Ltd are among the five companies that have bagged five mines on the first day of the tenth round of commercial coal mine auction, according to an official statement issued on Thursday. While ACC Ltd bagged a coal mine in Madhya Pradesh, NLC India Ltd and JSW Energy Utkal Ltd won one block each in Odisha. Two other companies that won coal blocks are Mineware Advisors Pvt Ltd and Shreeji Nuravi Coal Mining and Trading Pvt Ltd. A total of nine blocks been put on sale in the tenth round of auction. "On the first day, five coal mines were put up for auction," the statement issued by the coal ministry said. One of the five coal mines is fully explored while four are partially explored. The total geological reserves for these five coal mines are 2,630.77 million tonnes. Cumulative Peak Rated Capacity for these blocks is 12 MTPA. The government launched the auction of coal mines for commercial mining under the tenth round on June 21. "After

Illegal mining can be curbed only by promoting legal mining

The coal ministry will organise a roadshow in Ranchi to increase participation of investors in the commercial coal mine auction. Coal Secretary Shri Amrit Lal Meena will be the chief guest for the event while additional secretary M Nagaraju will be the guest of honour, the coal ministry said in a statement. "To enhance participation in commercial auction of coal mines, the Ministry of Coal is organising a roadshow at Ranchi on January 16," it said. The government launched the process for sale of 39 coal mines under eight rounds of commercial auctions and 31 under the ninth. These 70 coal mines are from the coal-bearing states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana, and West Bengal. Of the said mines, 27 are fully explored ones and 43 are partially explored, the statement said, adding that seven are coking coal mines, while the rest are not. The mines have been finalised after detailed deliberations and those falling under protected areas

The eighth tranche of commercial coal mine auctions has received an overwhelming response from the industry, the government said on Friday. The last date for submission of bids for the eighth round is January 29. "The ongoing 8th round has witnessed an overwhelming response from the industry, which is evident from the fact that a lot of queries have been received from a number of bidders along with several site-visit requests," the coal ministry said in a statement. The bids received in this tranche will be opened on January 30 in the presence of the bidders. In the eighth round, 39 coal mines have been offered, the ministry said. The round was launched on November 15, 2023 by Coal Minister Pralhad Joshi. The pre-bid meeting for the round was held on December 12 and more than 50 bidders had participated in it.

The coal ministry on Wednesday clarified that post-cancellation of 204 blocks in the year 2014, the mines are being put on auction via a "transparent" mechanism. The clarification comes a day after Congress alleged that the Narendra Modi government reversed the long-standing policy of competitive auction for coal block allocation and gave away lucrative fields to the Adani Group. "Ministry of Coal has clarified that after cancellation of 204 coal mines in 2014, coal mines are being auctioned through a transparent mechanism and for various end uses power and non-regulated sectors," the ministry said in a release. The coal ministry further said that no correlation has been established between Cavill Mining Pvt Ltd and Adani Group. "Also, as per the provisions of the tender document, the affiliate shall mean, a person who, directly or indirectly controls such bidder; is Controlled by such Bidder; is Controlled by the same person, who directly or indirectly, controls such Bidder; or i

Defence Minister Rajnath Singh on Wednesday launched the seventh round of auctions for commercial mining of coal blocks, putting 106 mines under the hammer. Of the total mines offered under the seventh round, 61 blocks are partially explored and 45 mines are fully explored. As many as 95 non-coking coal mines, 10 lignite mines and one coking coal mine are being offered in the latest round of auction. In his address, Singh said coal is considered black gold which plays an important role in strengthening the economy of the country. "Our energy consumption has grown in the last few years and will continue to grow. And to meet this need we will have to start taking efforts from today," he said. The ongoing auctions of coal blocks are a step towards energy security, Singh said. Details of the mines, auction terms, timelines etc. can be accessed on the MSTC auction platform. The auction shall be held online through a transparent two-stage process, on the basis of percentage revenue sha

On Novemebr 3, Union Finance Minister Nirmala Sitharaman launched the biggest ever coal mine auction of 141 mines in India

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

Coal India Ltd is set to launch its own e-auction platform, and the mining major has informed new and existing bidders to register on the portal, a top company official said. At present, the e-auction portal is managed by mjunction and state-owned MSTC Ltd. E-auction sales account for around 120 million tonnes annually for Coal India, while the rest is sold through fuel supply agreements and other special sales windows. The miner's dedicated e-auction portal has been developed by National Informatics Centre and supported by CIL subsidiary Central Mine Planning & Design Institute Ltd. "We expect to commence in-house coal e-auction in the next six months. Let the auction happen with volume, and then we will come to know about the cost benefits," the official told PTI. E-auction of Coal India is executed in a 60:40 ratio between mjunction and MSTC. "We value Coal India's decision. We had designed, developed and introduced the e-auction 15 years ago, and are still carrying on with th

The interim order comes at a time when the Centre has already awarded 17 out of the 19 mines on offer

Companies like Adani Power Resources Ltd and Welspun Steel Ltd were also vying for the block

Senior officials said the technically qualified bidders will be announced two hours prior to the bidding on Monday

Any sale must be designed to serve the common good, not to maximise revenues

Govt gets 82 bids in technical round for India's first such auction

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Adds three mines from the same state taking the total of mines on offer to 38, from 41 earlier

President, FICCI, Dr Sangeetha Reddy, Chairman Vedanta Group Anil Agarwal and Tata Sons Chairman N Chandrasekharan will also speak during the event

Ministry plans investor meets, road shows to attract investment through eased rules

The ministry of coal has released a probable list of 84 mines which will be offered for auction. They have geological reserves of 22,360 million tonne

Giving the break-up of blocks, the source said that of the 19 blocks, 13 mines would be auctioned in the sixth tranche for the regulated sectors