Government Gets Bids for 19 Coal Mines Only
Coal Mines AuctionHousing

Government Gets Bids for 19 Coal Mines Only

India’s coal ministry has received bids for only 19 coal mines out of the 67 blocks offered under the second round of auction for commercial mining. As

India’s coal ministry has received bids for only 19 coal mines out of the 67 blocks offered under the second round of auction for commercial mining. As many as 20 companies have cumulatively placed 34 bids for commercial coal mining.

Burakhap mine in Jharkhand - 5 bids

Rauta mine in Jharkhand – 4 bids

Parties

Aurobindo Realty - 4

Sunflag Iron and Steel - 4

Vedanta submitted – 1

Bharat Aluminium Company - 1

Adani Power Maharashtra - 1

Aditya Birla Group’s Hindalco Industries – 1

Some other bidders include Adhunik Power, Rungta Mines, Prakash Industries and Shree Sai Urja. State government undertaking company Chhattisgarh Mineral Development Corporation has submitted one bid as well.

The ministry had on March 25 launched the second auction for coal blocks where private players can participate without any end-use restrictions. Even the first round of auction under the new commercial coal mining policy had received modest response from investors in November last year, when financial bids were received for 19 mines out of the 38 blocks put on auction.

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