Govt opens bids for 11th round of commercial coal mines
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.
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Ministry of Coal opened the bids for the 11th round of commercial coal mines’ auction. This round received unprecedented responses from the bidders. Bids have been received for 20 coal mines out of offered 27 coal mines.
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.
The entire process was displayed on the screen for the bidders. Under this round, only 70 bids have been received online, however, 72 bids have been received in physical form.
A total of 65 bids were received against 15 coal mines offered in the 11th round. Under the 2nd Attempt of the 10th round, a total of 7 coal mines were put up for auction and 5 bids were received against 5 coal mines with each mine receiving 1 bid.
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A total of 46 companies have submitted their bids in the auction process. More than 15 new companies including a Coal India subsidiary have participated for the first time in commercial coal mine auction.
The bids will be evaluated by a multi-disciplinary Technical Evaluation Committee and Technically Qualified Bidders will be shortlisted for participation in the electronic auction, to be conducted on the MSTC portal.
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