Odisha News In English

Prameya English, Prameyanews.com, Odisha Latest News, Odisha News Online

previous arrow
next arrow

38 online, offline bids submitted for commercial coal mining auction

28/06/2022 at 8:21 PM

New Delhi, June 28: As part of the auction process of 122 coal/lignite mines for sale of coal, technical Bids comprising of online and offline bid documents were opened on Tuesday at New Delhi, in the presence of the interested bidders.

The auction process was launched by the Nominated Authority, Ministry of Coal on March 30, 2022 and the last date of submission of Technical Bid was June 27, 2022.

The online bids were decrypted and opened electronically in the presence of the bidders. Subsequently, sealed envelopes containing offline bid documents were also opened in the presence of bidders. Entire process was displayed on the screen for the bidders.

A total of 38 bids were received under three tranches of commercial coal mine auctions. Under Fifth tranche of auctions, a total of 28 bids were received against 15 coal mines, where 2 or more bids have been received for 8 coal mines. Under 2nd Attempt of Third tranche, a total of 9 coal mines were put up for auctions and 6 bids have been received against 6 coal mines. Under 2nd Attempt of Fourth Tranche, a total of 4 coal mines were put up for auctions and 4 bids have been received against 3 coal mines.

The bids will be evaluated by a multi-disciplinary Technical Evaluation Committee and Technically Qualified Bidders would be shortlisted for participation in the electronic auction.

Post opening of the Technical Bids, Additional Secretary & Nominated Authority (AS&NA), Ministry of Coal opened the forum for discussion and invited suggestions from the bidders to make the commercial coal mine auctions more attractive for the industry. Few suggestions received from the bidders were deliberated by AS&NA, Ministry of Coal who assured to explore the possibilities to implement the suggestions in the upcoming rounds of auction.

   Related Posts