Team News Riveting
New Delhi, November 21
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.
The results for 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.
