Coal Ministry Auctions Ten Mines Under Commercial Auction

Total Coal Reserves Comes to 1866 Million Ton, Potential for Rs. 1185 Crore Capital Investment

Ministry of Coal had launched the auctions of coal mines for commercial mining under 6th round and second attempt of 5th round on November 03, 2022. Forward auctions for these mines have been started on 27.02.2023 and on the 1st day of the e-auction, 10 coal mines were put up for auction of which 6 coal mines were CMSP coal mines and 4 coal mines were MMDR coal mines. Further details of the coal mines are as under: –

6 coal mines are fully explored coal mines and 4 coal mines are partially explored coal mines
The total geological reserves for these 10 coal mines are 1,866 Million Tonnes. Cumulative PRC for these coal mines is 7.9 MTPA (excluding Partially Explored Coal Mines)

The results for Day 1 are as under:

S. No.Name of the MineStatePRC (MTPA)Geological Reserves (MT)Closing Bid Submitted byFloor Price (%)Final Offer (%)
1Chhendipada (Revised)OdishaNA513.09Rungta Sons Private Limited4.00%13.00%
2DatimaChhattisgarh0.3613.30Shree Cement Limited4.50%27.25%
3Kalambi Kalmeshwar (Western Part)MaharashtraNA47.78Samlok Industries Private Limited4.00%15.00%
4Khagra JoydevWest Bengal3.00178.26Orissa Metallurgical Industry Private Limited4.00%5.00%
5Mandla NorthMadhya Pradesh1.50195.38Dalmia Cement (Bharat) Limited4.00%21.00%
6Marwatola VIIMadhya Pradesh1.50188.70Rama Cement Industries Private Limited4.00%15.50%
7North West of MadheriMaharashtraNA200.00MH Natural Resources Private Limited4.00%5.50%
8Parbatpur Central*Jharkhand1.24234.52E-auction going on.
9Patal East (Eastern Part)Jharkhand0.3035.00RCR Steel Works Private Limited4.00%6.00%
10PurungaChhattisgarhNA260.00CG Natural Resources Private Limited

These coal mines upon operationalization will generate Annual Revenue of Rs. 990 crores calculated at PRC of these coal mines (excluding Parbatpur Central and Partially Explored coal mines). These mines will attract capital investment of ~Rs. 1,185 crores and will provide employment to 10,681 people.

Related Articles

Back to top button
हिंदी न्यूज़