Thirteen Coal Mines Including Five Coking Coal Mines Auctioned in Forward Auction
Thirteen Coal Mines Including Five Coking Coal Mines Auctioned in Forward Auction
Ministry of Coal had launched the auctions of coal mines for commercial mining under 8th round on November 15, 2023 and 9th round on December 20, 2023. In the forward auctions conducted during the week, a total of 13 coal mines were successfully auctioned.
Out of the 13 auctioned mines, 4 coal mines are fully explored coal mines and 9 mines are partially explored coal mines. The total geological reserves for these 13 coal mines are ~ 2569.76 Million Tonnes. Cumulative PRC for these coal mines is 4.2 MTPA (excluding partially explored coal mines).
The mine-wise result for auctions held is as under:
S. No.
Name of the Mine
State
PRC (mtpa)
Geological Reserves (MT)
Closing Bid Submitted by
Reserve Price (%)
Final Offer (%)
Coking/Non-Coking
1
Mahan
Madhya Pradesh
1.2
107.41
JK Cement Ltd.
4.00
6.50%
Non-Coking
2
Mara II Mahan
Madhya Pradesh
NA
955.96
Mahan Energen Ltd
4.00
6.00%
Non-Coking
3
Thesgora-B/Rudrapuri
Madhya Pradesh
1.00
45.04
Sunflag Iron and Steel Company Limited
4.00
7.00%
Non-Coking
4
Binodpur Bhabhaniganj
West Bengal
NA
198.57
JMS Mining Private Limited
4.00
18.25%
Non-Coking
5
Marki-Zari-Jamani-Adkoli
Maharashtra
1.00
21.76
Nilkanth Infra Mining Limited
4.00
22.00%
Non-Coking
6
Babupara East
Jharkhand
NA
160.00
Rungta Sons Private Limited
4.00
60.25%
Coking
7
Baisi
Chhattisgarh
NA
135.00
Indermani Mineral India Pvt Ltd
4.00
52.00%
Non-Coking
8
Dumri
Jharkhand
1.00
55.99
S M Steels and Powver Limited
4.00
41.00%
Non-Coking
9
Duni Central
Jharkhand
NA
45.00
Bull Mining Private Limited
4.00
40.00%
Coking
10
Lalgarh South
Jharkhand
NA
260.00
Rungta Sons Private Limited
4.00
21.25%
Coking
11
Lamatola
Madhya Pradesh
NA
200.00
ACC Limited
4.00
16.75%
Coking
12
South of Damuda
Jharkhand
NA
291.71
Rungta Sons Private Limited
4.00
21.25%
Coking
13
West of Shahdol(South)
Madhya Pradesh
NA
93.32
JK Cement Ltd.
4.00
25.25%
Non-Coking
The auctions witnessed a strong competition with an average revenue share of 25.96%. This is a testament to the continued interest of industries in the coal mining sector and continuous efforts of Ministry of Coal in providing transparent & stable policy framework. These mines will contribute to Annual Revenue generation of ~652 crores (excluding Partially Explored coal mines) and capital investment of approximately Rs 630 crore and employment generation for 5,678 people. This round also witnessed auctioning of 5 coking coal mines which is the major importing coal in the country. These coking mines once operationalized will reduce the dependency of the country on imported coking coal.
Since, the launch of commercial coal mines since 2020, a total of 104 coal mines have been successfully auctioned having production capacity of 226 Million ton per year. After operationalization, these mines will immensely contribute to enhance domestic production of coal and make country ‘Atmanirbhar’ in coal sector. These mines are expected to generate annual revenue of Rs 33,738 crores, capital investment of Rs 33,930 Crores and will generate employment for 3,05,815 persons in coal bearing area.