Coal news and updates

Govt Receives 38 Offline Bids For Auction Of Coal Mines For Commercial Mining

The Coal Ministry has received 38 offline for auction of coal mines for commercial in the latest round of bidding.

The Fifth Tranche, Second Attempt of Fourth Tranche and Second Attempt of Third Tranche of commercial coal mine auction were launched by the Coal Ministry on 30 March this year.

The last date for submission of online Technical Bids for all the coal mines was 1200 hours on 27 June 2022 and offline submission was 1600 hours on 27 June 2022, the Coal Ministry said in a release.

"A total of 38 offline bids were received under three tranches of commercial coal mine auctions. Under Fifth tranche of auctions, a total of 28 offline bids were received against 15 coal mines, where two or more bids have been received for eight coal mines," the ministry said.

"Under second attempt of third tranche, a total of nine coal mines were put up for auctions and 6 bids have been received against six coal mines. Under second attempt of fourth tranche, a total of four coal mines were put up for auctions and four bids have been received against three coal mines," it added.

The online bids received as part of the auction process will be opened on Tuesday (28 June) at Tagore Chambers, Scope Complex, New Delhi in the presence of interested prospective bidders, the ministry said.