A total of 42 coal mines had been auctioned for commercial mining till date, according to the administration.
According to a statement from the coal ministry, ten coal mines were auctioned this week under the third tranche of the said blocks. A total of 42 coal mines, including mines auctioned in third tranche, have been successfully auctioned under the commercial coal mining auction procedure, with a total cumulative peak rate capacity (PRC) of 86.404 million tonnes per annum (mtpa), according to the announcement. The ministry estimates that the 10 blocks sold this week will produce Rs 2,858.20 crore in yearly revenue.The ministry informed that the year income was predicted based on the mine's peak rate capacity. Five blocks were sold on the first day of the auction.The top bidder for two coal blocks in Jharkhand was Dalmia Cement Bharat Ltd. The Ministry of Coal informed in a statement on Tuesday that Mahanadi Mines and Minerals was the highest bidder for a coal block in Odisha, while Yazdani Steel And Power was the highest bidder for another coal mine in the eastern state. The top bidder for a mining site in Assam was Assam Mineral Development Corp Ltd. Jindal Steel and Power won the Utkal-C coal mine in Odisha on the second and third days of the auction, while Hindalco Industries won the Meenakshi mine in the eastern state. The highest bidder for the Majra mine in Maharashtra was BS Ispat Ltd, while the Assam Mineral Development Corporation won the Garampani coal block in Assam. Namchik Namphuk mine in Arunachal Pradesh was acquired by Platinum Alloys Pvt Ltd. Image Source
