Govt receives bids for 6th round of commercial coal auction

In the technical phase of the sixth commercial coal auction, which offered 133 coal and lignite mines, the government has received bids for 32 mines.

According to a statement from the administration, 86 bids were submitted for the 32 coal mines.The 56 companies that submitted proposals were NTPC Ltd, Jindal Power Ltd, Jindal Steel & Power Ltd, Vedanta Ltd, JSW Steel Ltd, NLC India Ltd, Dalmia Cement, Shree Cement, Ultratech Cement and Ambuja Cement.

An evaluation committee assesses the bids and the technically qualified bidders are placed on the shortlist. for the next phase of the electronic auction.

32 coal mines were offered and 32 were investigated in whole or in part. The total annual peak the nominal capacity of the coal mines fully investigated is 85.62 million tonnes. Coking coal, which is mainly used in making steel, is found in one of the 32 mines.

The mines in Chhattisgarh's Gare Palma Sector IV/2 and IV/3, which have been thoroughly investigated, attracted the most bids.

The second highest number of offers were received for the fully explored Namchik Namphuk mine in Arunachal Pradesh, followed by Banai-Bhalumuda in Chhattisgarh.

Four of the eight mines that had received only one bid in the fifth tranche were re-tendered in the most recent auction.

According to the official, two of the four mines have again received a single bid and will now be taken. to be considered for allocation.

For all mines offered in the sixth round, the deadline for submitting technical bids was Monday.

In the sixth round of commercial auctions held in November, the coal ministry had offered 133 coal. mines, of which 71 were brand new and 62 were taken over from previous tranches.

109 coal and lignite mines, as well as the second attempt of the fourth and third rounds, were auctioned in the fifth round of the auction. A total of 17 mines, with an annual peak capacity of 51 million tonnes, successfully placed.