Opening of Technical Bids for Auction of Coal Mines for Sale of Coal

New Delhi: The auction process of eleven coal mines under the second attempt of 12thTranche of Auction under the Coal Mines (Special Provisions) Act, 2015 and second attempt of 2ndTranche of Auction under the Mines and Minerals (Development and Regulation) Act, 1957 for sale of coal was launched by the Nominated Authority, Ministry of Coal on September 27, 2021. 

 

The last date of submission of the Technical Bid was November 29, 2021. As part of the auction process, Technical Bids comprising of online and offline bid documents were opened today (November 30, 2021) 11:00 am onwards at Ministry of Coal, in the presence of the bidders.

 

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. A total of 7 (seven) bids have been received for 4 (four) coal mines. Mine-wise list of bids received is appended below:

Sl No	Name of Coal Mine	No of Bids
	Beheraband North Extn	2
	GondbaheraUjheni East	1
	Lalgarh (North)	3
	Tokisud Block II	1
	Total Bids	7

A total of 7 companies have submitted their bids in the auction process as per the following list:

Sr. No	Name of the Bidder	No of Bids Submitted
	Auro Coal Private Limited	1
	JSW Steel Ltd.	1
	MP Natural Resources Private Limited	1
	Adhunik Power & Natural Resources Ltd.	1
	Assam Mineral Development Corporation Limited	1
	Virtuous Mining Limited	1
	Twenty First Century Mining Private Limited	1
	Total Bids	7

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Alok Kumar Sharma assumes charge as ED (NR-1), PowerGrid