First Commercial Coal Mining Auction in India Ends - Winners

First Commercial Coal Mining Auction in India Ends - Winners

The first phase of auction of coal blocks for commercial use witnessed conservative bidding from industry players due to the type of blocks on offer

and potential issues around land acquisitions and forest clearances. Auctions of 19 coal blocks for commercial use have been completed, with experts noting that the revenue share offered by bidders was lower than expected. The government is set to announce the results on November 11. The auctions have not garnered the level of interest that the Centre had indicated while announcing the first set of 38 coal blocks to be offered for commercial mining. Only 23 of the blocks received bids, with only 19 which received two or more bids being put up for auction.

Nov 02

Radhikapur West in Odisha - Vedanta, revenue share of 21%

Chakla in Jharkhand – Hindalco, 14.25%

Marki Mangli 2 in Maharashtra - Yazdani International, 30.75%

Takli Jena Bellora in Maharashtra - Arurobindo Realty & Infrastructure, 30.75%

Urtan in Madhya Pradesh - JMS Mining, 10.5%

Nov 03

Dhirauli in Madhya Pradesh – Adani’s Stratatech Mineral Resources, 12.5%

Bandha in Madhya Pradesh - Essel Mining and Industries, 21%

Sahapur West in Madhya Pradesh - Sarda Energy and Minerals, 26%

Brahmadiha in Jharkhand - Andhra Pradesh Mineral Development Corporation, 41.75%

Nov 04

Gare-Palma-IV/1 - Jindal Power, 25%

Gotitoria (East) in Madhya Pradesh - Boulder Stone Mart, 54%

Gotitoria (West) in Madhya Pradesh - Boulder Stone Mart, 54%

Urtan North in Madhya Pradesh - JMS Mining, 9.5%

Nov 05

Sahapur East in Madhya Pradesh - Chowgule & Co, 41%

Rajhara North in Jharkhand - Fairmine Carbons, 23%

Nov 06

Radhikapur East in Odisha - Essel Mining, 16.75%

Urma Paharitola in Jharkhand - Aurobindo Realty, 26.5%

Nov 07

Gondulpara in Jharkhand - Adani Enterprises, 20.75%

Nov 09

Gare Palma IV/7 in Chhattisgarh - Sarda Energy and Minerals, 66.75%

While a total of 38 coal mines were initially put-on auction by the coal ministry, a total of 19 mines are finally being bid out. There were initially 76 bids from 42 companies for 23 coal mines, with the remaining 15 mines not getting any bids. Of these 42 companies, 40 are private sector firms. Also, four mines got only one bid, putting these 19 mines out of the auction process.

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