42 coal blocks auctioned till date for commercial use: Centre
COAL & MINING

42 coal blocks auctioned till date for commercial use: Centre

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

Also read: Dalmia Cement becomes highest bidder for Jharkhand's 2 coal blocks

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 Also read: Dalmia Cement becomes highest bidder for Jharkhand's 2 coal blocks

Next Story
Infrastructure Urban

CRED–IndusInd Launch RuPay Card with 5% E-comm Rewards

CRED has partnered with IndusInd Bank to launch the CRED IndusInd Bank RuPay Credit Card, offering an unconstrained rewards program across all e-commerce platforms with instant, flexible redemption options.Designed for digital-native CRED members with multiple cards and a preference for online shopping, the new program eliminates compromises by providing higher rewards for every online purchase and seamless redemption across flights, hotels, 500+ merchants, and 2,000+ products on the CRED store.Key Features:5% rewards on all e-commerce spends1% rewards on offline purchases and CRED Scan & ..

Next Story
Infrastructure Transport

Concord Wins First Kavach 4.0 Order for Indian Railways

Concord Control Systems (CNCRD), a leading Indian manufacturer of embedded electronic and critical electronic systems, has secured its first order for Kavach 4.0 through its associate company, Progota India. Valued at Rs 190.45 million, the order marks a major milestone in advancing large-scale deployment opportunities in railway safety.With this achievement, Concord joins the select group of railway companies capable of supplying a fully developed Kavach system to Indian Railways. The company’s next-generation Kavach has already cleared multiple approval stages, including Indian Railways’..

Next Story
Infrastructure Transport

G E Shipping to Sell 2005-Built Suezmax Crude Tanker Jag Lok

The Great Eastern Shipping Company (G E Shipping) has signed a contract to sell its 2005-built Suezmax Crude Tanker, Jag Lok (about 158,280 dwt) to an unaffiliated third party. The vessel is scheduled for delivery to the buyer by Q3 FY26.Following this transaction, G E Shipping’s fleet will consist of 38 vessels, including 26 tankers (5 crude tankers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers (2 Capesize, 8 Kamsarmax, 2 Supramax), with an aggregate capacity of 3.04 million dwt.In addition, the company has contracted to acquire two secondhand Kamsarmax dry bulk carriers and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?