Page 2 - Coal Mines Auction

Industry divided on mineral auctioning; mines' development still a concern

The state exchequer is estimated to earn a total revenue of Rs 8 trillion from the auctioned mineral blocks over the lease period, including an estimated contribution of Rs 6 trillion through auction

Cabinet okays Ordinance removing end-use restrictions in coal mine auctions

The decision taken by the Cabinet Chaired by Prime Minister Narendra Modi will also do away with end-use restrictions of the mining blocks

Govt mops up Rs 4,973 cr revenue from auctioned coal mines since FY 2014-15

Of the total revenue garnered till October 31, the maximum of Rs 1,280.58 crore was mopped up in 2018-19.

Prakash Industries emerges as highest bidder for Bhaskarpara coal block

Prakash Industries on Wednesday emerged as the highest bidder for Bhaskarpara coal block in Chhattisgarh, an official said. Birla Corporation had on Tuesday bagged the Brahmapuri mine in Madhya Pradesh, the official said quoting the results of e-auction for coal mines under the eight tranche. Jindal Steel and Power Ltd (JSPL) was the highest bidder for Gare Palma IV/1 coal block in Chhattisgarh with a bid price of Rs 230 per tonne on Monday. Birla Corporation Ltd bagged the Bikram coal block in Madhya Pradesh with a bid price of Rs 154 per tonne last week. Six mines are on offer. Auctions for four blocks have been completed, the official said. The bidding for Jagannathpur B block and Jamkhani block will take place on Thursday and Friday, respectively. Bhaskarpara coal block was previously allocated to Bhaskarpara Coal Company Ltd (BCCL) -- a joint venture of Electrotherm (India) Ltd and Ultratech Cement Ltd, while Brahmapuri mine was previously allocated to Pushp Steels & ...

Govt begins process to auction 27 coal mines and allocate 15 blocks to PSUs

In case of allotment of blocks for PSUs, five coal mines are for power sector, nine for sale of coal and one for iron and steel

Coal mine auctioning may be restricted to commercial use to boost output

Govt also looking to privatise and split Bharat Coking Coal

Govt to auction 19 coal mines in June quarter, says coal secretary

Of the 19 blocks to go under the hammer, 6 have been identified for the steel sector while the remaining 13 mines are for non-regulated sectors

Govt annuls 5th round of coal mines auction over poor response from bidders

Thus, the tenders of six mines will stand terminated, the notice said