31 Bidders Compete for Coal Mines
COAL & MINING

31 Bidders Compete for Coal Mines

The 10th commercial coal mine auction in India has attracted significant interest, with 31 bidders, including major players such as JSW Steel, ACC, and NMDC, competing for coal mining blocks. This auction, organized by the Ministry of Coal, is a critical component of India’s strategy to boost domestic coal production and reduce dependency on imports for power generation and industrial needs.

The auction features multiple coal blocks available for commercial mining, and the strong participation of leading companies highlights the growing demand for coal resources to ensure stable and secure supplies for India's expanding energy and industrial sectors. JSW Steel, a prominent steel producer, and ACC, one of India’s largest cement manufacturers, are looking to secure these blocks to ensure resource security and mitigate risks associated with fluctuating coal prices in global markets. NMDC, a state-owned mineral producer, is also participating, reflecting the strategic importance of the auction in fulfilling India’s energy requirements.

This round of auctions underscores the importance of commercial coal mining in India’s energy policy, as the government seeks to open up the sector to private players, encourage competition, and foster greater efficiency in coal production. By facilitating the auction of coal mines for commercial purposes, the government aims to provide a boost to the coal sector and meet the country’s growing energy demands.

The competitive bidding process is expected to result in more efficient extraction and utilization of coal, contributing to energy security and supporting industries reliant on coal-based power. This auction is part of the larger effort by the Indian government to diversify coal production through commercial mining, creating new opportunities for private companies to play a significant role in the mining industry.

The 10th commercial coal mine auction in India has attracted significant interest, with 31 bidders, including major players such as JSW Steel, ACC, and NMDC, competing for coal mining blocks. This auction, organized by the Ministry of Coal, is a critical component of India’s strategy to boost domestic coal production and reduce dependency on imports for power generation and industrial needs. The auction features multiple coal blocks available for commercial mining, and the strong participation of leading companies highlights the growing demand for coal resources to ensure stable and secure supplies for India's expanding energy and industrial sectors. JSW Steel, a prominent steel producer, and ACC, one of India’s largest cement manufacturers, are looking to secure these blocks to ensure resource security and mitigate risks associated with fluctuating coal prices in global markets. NMDC, a state-owned mineral producer, is also participating, reflecting the strategic importance of the auction in fulfilling India’s energy requirements. This round of auctions underscores the importance of commercial coal mining in India’s energy policy, as the government seeks to open up the sector to private players, encourage competition, and foster greater efficiency in coal production. By facilitating the auction of coal mines for commercial purposes, the government aims to provide a boost to the coal sector and meet the country’s growing energy demands. The competitive bidding process is expected to result in more efficient extraction and utilization of coal, contributing to energy security and supporting industries reliant on coal-based power. This auction is part of the larger effort by the Indian government to diversify coal production through commercial mining, creating new opportunities for private companies to play a significant role in the mining industry.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?