Commercial auction: Five coal mines put up on day one: Know the bidders here

Prameyanews English

Published By : Prasanta Dash | November 21, 2024 8:36 PM

Commercial auction: Five coal mines put up on day one: Know the bidders here

New Delhi, Nov 21: The Ministry of Coal had launched the auction of coal mines for commercial mining under 10th round on June 21, 2024. 

After evaluation of bids, forward e-auctions for nine mines commenced from 21.11.2024.

On the First day, 5 coal mines were put up for auction. One of the five coal mine is fully explored coal mine while 4 coal mines are partially explored coal mines. The total geological reserves for these 5 coal mines are 2,630.77 Million Tonnes. 

Cumulative Peak Rated Capacity (PRC) for these coal mines is 12.00 MTPA.

Know the bidders here....

The results for the 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

Marwatola South

Madhya Pradesh

NA

126.300

Mineware Advisors Private Limited

4.00

22.25

2

New Patrapara South

Odisha

12.00

720.870

NLC India Limited

4.00

5.50

3

Sarai East (South)

Madhya Pradesh

NA

128.600

ACC Limited

4.00

5.50

4

Gawa (East)

Jharkhand

NA

55.000

Shreeji Nuravi Coal Mining and Trading Private Limited

4.00

7.00

5

Bartap(Revised)

Odisha

NA

1600.00

JSW Energy Utkal Limited

4.00

8.50

 

These coal mines upon operationalization will generate Annual Revenue of ~Rs. 1106.91 crores calculated at PRC of these coal mines (excluding Partially Explored coal mines). These mines will attract capital investment of ~Rs. 1800.00 crores and will provide employment to ~ 16,224 people.


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