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Coal Mine Auction
The government will soon put up for sale coal blocks that have potential for coal gasification, a senior official said on Friday. The development assumes significance in the wake of the government's plan to gasify 100 million tonnes of coal in the next five years. "Very soon we would auction the coal blocks that have potential for coal gasification," Coal Additional Secretary Rupinder Brar said on the sidelines of the roadshow on coal gasification jointly organised by the coal ministry and Ficci. Coal gasification is a process that converts coal into a synthetic gas (syngas), a mixture of gases like carbon monoxide and hydrogen, by reacting it with oxygen and steam at high temperatures. This syngas can then be used to produce various downstream products, including fertilizers, methanol, and synthetic natural gas, offering a cleaner and more diversified use of coal compared to traditional burning. These coal blocks would be put up for sale under the commercial coal mining auction,
The coal ministry on Tuesday said it has allocated a total of 200 coal blocks so far. "The Ministry of Coal has achieved a historic milestone with the allocation of its 200th coal mine, underscoring its relentless drive to transform India's coal sector," an official statement said. The allocation for the Marwatola-II coal block in Madhya Pradesh to Singhal Business Pvt Ltd reaffirms the government's commitment to sectoral reforms, fostering private participation, and bolstering national self-reliance in coal production, it added. The Nominated Authority reaffirmed the Ministry's steadfast commitment to nurturing an environment conducive to investment, reducing procedural impediments, and enabling the expeditious operationalisation of coal blocks across the country. Over the past several years, the coal ministry has ushered in a suite of transformative reforms, from the advent of commercial coal mining and the rollout of a single-window clearance system to the adoption of digital ..
The coal ministry will launch the 12th round of commercial mines auction on Thursday in which 25 blocks will be put on sale. "Under round 12, a total of 25 coal mines are being offered, comprising 7 mines under CMSP [Coal Mines (Special Provisions) Act, 2015] and 18 mines under MMDR (Mines and Minerals (Development and Regulation) Act, 1957)," the coal ministry said in a statement. Coal and Mines Minister G Kishan Reddy will be the chief guest of the launch event. The 12th round is expected to attract significant interest from domestic and international investors, reinforcing the country's commitment to self-reliance in energy and industrial growth. "With a vision to foster a transparent, market-driven coal economy, the government continues to create new opportunities for investors and industry players. The commercial coal mine auctions have been a game-changer, unlocking the vast potential of India's coal reserves while promoting competition, efficiency, and sustainable mining ...
NLC India Ltd, ACC Ltd, and JSW Energy Utkal Ltd are among the five companies that have bagged five mines on the first day of the tenth round of commercial coal mine auction, according to an official statement issued on Thursday. While ACC Ltd bagged a coal mine in Madhya Pradesh, NLC India Ltd and JSW Energy Utkal Ltd won one block each in Odisha. Two other companies that won coal blocks are Mineware Advisors Pvt Ltd and Shreeji Nuravi Coal Mining and Trading Pvt Ltd. A total of nine blocks been put on sale in the tenth round of auction. "On the first day, five coal mines were put up for auction," the statement issued by the coal ministry said. One of the five coal mines is fully explored while four are partially explored. The total geological reserves for these five coal mines are 2,630.77 million tonnes. Cumulative Peak Rated Capacity for these blocks is 12 MTPA. The government launched the auction of coal mines for commercial mining under the tenth round on June 21. "After
The coal ministry will organise a roadshow in Ranchi to increase participation of investors in the commercial coal mine auction. Coal Secretary Shri Amrit Lal Meena will be the chief guest for the event while additional secretary M Nagaraju will be the guest of honour, the coal ministry said in a statement. "To enhance participation in commercial auction of coal mines, the Ministry of Coal is organising a roadshow at Ranchi on January 16," it said. The government launched the process for sale of 39 coal mines under eight rounds of commercial auctions and 31 under the ninth. These 70 coal mines are from the coal-bearing states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana, and West Bengal. Of the said mines, 27 are fully explored ones and 43 are partially explored, the statement said, adding that seven are coking coal mines, while the rest are not. The mines have been finalised after detailed deliberations and those falling under protected areas
The eighth tranche of commercial coal mine auctions has received an overwhelming response from the industry, the government said on Friday. The last date for submission of bids for the eighth round is January 29. "The ongoing 8th round has witnessed an overwhelming response from the industry, which is evident from the fact that a lot of queries have been received from a number of bidders along with several site-visit requests," the coal ministry said in a statement. The bids received in this tranche will be opened on January 30 in the presence of the bidders. In the eighth round, 39 coal mines have been offered, the ministry said. The round was launched on November 15, 2023 by Coal Minister Pralhad Joshi. The pre-bid meeting for the round was held on December 12 and more than 50 bidders had participated in it.
The coal ministry on Wednesday clarified that post-cancellation of 204 blocks in the year 2014, the mines are being put on auction via a "transparent" mechanism. The clarification comes a day after Congress alleged that the Narendra Modi government reversed the long-standing policy of competitive auction for coal block allocation and gave away lucrative fields to the Adani Group. "Ministry of Coal has clarified that after cancellation of 204 coal mines in 2014, coal mines are being auctioned through a transparent mechanism and for various end uses power and non-regulated sectors," the ministry said in a release. The coal ministry further said that no correlation has been established between Cavill Mining Pvt Ltd and Adani Group. "Also, as per the provisions of the tender document, the affiliate shall mean, a person who, directly or indirectly controls such bidder; is Controlled by such Bidder; is Controlled by the same person, who directly or indirectly, controls such Bidder; or i
Defence Minister Rajnath Singh on Wednesday launched the seventh round of auctions for commercial mining of coal blocks, putting 106 mines under the hammer. Of the total mines offered under the seventh round, 61 blocks are partially explored and 45 mines are fully explored. As many as 95 non-coking coal mines, 10 lignite mines and one coking coal mine are being offered in the latest round of auction. In his address, Singh said coal is considered black gold which plays an important role in strengthening the economy of the country. "Our energy consumption has grown in the last few years and will continue to grow. And to meet this need we will have to start taking efforts from today," he said. The ongoing auctions of coal blocks are a step towards energy security, Singh said. Details of the mines, auction terms, timelines etc. can be accessed on the MSTC auction platform. The auction shall be held online through a transparent two-stage process, on the basis of percentage revenue sha
Coal India Ltd is set to launch its own e-auction platform, and the mining major has informed new and existing bidders to register on the portal, a top company official said. At present, the e-auction portal is managed by mjunction and state-owned MSTC Ltd. E-auction sales account for around 120 million tonnes annually for Coal India, while the rest is sold through fuel supply agreements and other special sales windows. The miner's dedicated e-auction portal has been developed by National Informatics Centre and supported by CIL subsidiary Central Mine Planning & Design Institute Ltd. "We expect to commence in-house coal e-auction in the next six months. Let the auction happen with volume, and then we will come to know about the cost benefits," the official told PTI. E-auction of Coal India is executed in a 60:40 ratio between mjunction and MSTC. "We value Coal India's decision. We had designed, developed and introduced the e-auction 15 years ago, and are still carrying on with th