Team News Riveting
The two coal mines located in the state of Chhattisgarh and Madhya Pradesh had received maximum bids.
The technical Bids comprising online and offline bid documents as a part of the auction process of 38 coal mines reserved for commercial mining, were opened today.
Bidders were provided with the option of joining the meeting in-person or virtually. The auction process of 38 coal mines for sale of coal was launched by the Ministry of Coal on June 18, 2020. The last date of submission of technical bid was 2:00 pm on September 29, 2020.
The online bids were decrypted and opened electronically in the presence of the bidders. Subsequently, sealed envelopes containing offline bid documents were also opened. Entire process was displayed on the screen for the bidders.
A total of 76 bids have been received for 23 coal mines. Two or more bids have been received for 19 coal mines.
For the 23 coal mines, maximum bids were received for Chhattisgarh’s Gare Palma IV/7 and Madhya Pradesh’s Gotitoria East and Gotitoria West. The ministry has received eight bids each for both the mines.
The Gare Palma IV/7coal block in Chhattisgarh has about 156 million tonnes extractable reserves while Gotitoria (East) and Gotitoria (West) in Madhya Pradesh with 10 million tonnes reserves. Brahmadiha and Urma Paharitola in Jharkhand have received six bids each.
Adani Group has submitted bids for maximum seven blocks in the commercial coal mining auctions followed by five each by Hindalco Industries and a Kolkata-based firm JMS Mining.
Andhra Pradesh Mineral Corporation has also put in bids for four mines. Jindal Steel and Power Ltd and its subsidiary Jindal Power Ltd have put in bids for two blocks each, an official statement by the coal ministry said, adding that Vedanta Ltd and Sarada Energy & Minerals have submitted bids for three blocks each.
The JSW Steel, Bharat Aluminium Co, DB Power and Nalco have submitted bids for one mine each.
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 to be conducted on MSTC portal from October 19, 2020.
