10th commercial coal mine bid witnessed 31 bidders including JSW Steel, ACC, NMDC

JSW Steel, JSW Energy, ACC Ltd, NMDC Ltd, NTPC Mining Ltd and Jindal Steel and Power Ltd (JSPL) are among the 31 companies which have submitted bids for the tenth round of commercial coal mine auction. "A total of 31 companies have submitted their bids in the auction process," the coal ministry said in a statement.

More than 10 new companies have participated for the first time under commercial coal mine auction. A total of 67 coal blocks were put up for sale in June under the tenth round of commercial mines auction. The government has received 44 bids for the 67 coal mines, the statement said.

"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," it added.

A total of 43 bids were received against 16 of the 61 coal mines offered in the 10th round. Only 1 bid was received against 5 mines offered under the 2nd Attempt of the 9th round, and no bid was received against 1 mine offered under the 2nd Attempt of the 8th round.

A total of 31 companies have submitted their bids in the auction process. Over 10 new companies have participated for the first time under commercial coal mine auction. 

The Nominated Authority, the Ministry of Coal has opened the bids for the 10th round and the second attempt of the 9th and 8th rounds of commercial coal mines’ auction. This round was launched on June 21, 2024, and the bid submission date was extended twice to give sufficient time to prospective bidders.