Commercial Coal Mine Auction: 8 out of 13 Mines Under e-auction on First Day
Commercial Coal Mine Auction: 8 out of 13 Mines Under e-auction on First Day
Ministry of Coal had launched the auctions of coal mines for commercial mining under 9th round on December 20, 2023 and 8th round on November 15, 2023. After evaluation of bids, forward e-auctions for thirteen mines were commenced from 12.03.2024.
On the First day, 8 coal mines were put up for auction of which 5 coal mine were CMSP coal mine and 3 coal mines were MMDR coal mines. Four of the eight mines are fully explored while the other four mines are partially explored coal mines. The total geological reserves for these 8 coal mines are 1,721.44 Million Tonnes. Cumulative PRC for these coal mines is 4.20 MTPA.
The results for Day 1 are as under:
S. No.
Name of the Mine
State
PRC (mtpa)
Geological Reserves (MT)
Closing Bid Submitted by
Reserve Price (%)
Final Offer (%)
1
Mahan
Madhya Pradesh
1.20
107.41
JK Cement Ltd
4.00
6.50
2
Mara II Mahan
Madhya Pradesh
NA
955.96
Mahan Energen Ltd
4.00
6.00
3
Thesgora-B/Rudrapuri
Madhya Pradesh
1.00
45.04
Sunflag Iron and Steel Company Limited
4.00
7.00
4
Binodpur Bhabhaniganj
West Bengal
NA
198.57
JMS Mining Private Limited
4.00
18.25
5
Marki-Zari-Zamani-Adkoli
Maharashtra
1.00
21.76
Nilkanth Infra Mining Limited
4.00
22.00
6
Dumri
Jharkhand
1.00
55.99
S M Steels and Powver Limited
4.00
41.00
7
Duni Central
Jharkhand
NA
45.00
Bull Mining Private Limited
4.00
40.00
8
South of Damuda
Jharkhand
NA
291.71
Rungta Sons Private Limited
4.00
21.25
These coal mines upon operationalization will generate Annual Revenue of ~Rs. 652 crores calculated at PRC of these coal mines (excluding Partially Explored coal mines). These mines will attract capital investment of ~Rs. 630 crores and will provide employment to ~5,678 people.