E-bids for coal mines to be conducted Nov 2-9

31 Oct 2020 CW Staff

An official spokesperson said there will be hardly any manual intervention after initial offers are uploaded. “Two officers from the Central Mine Planning & Design Institute and the Ministry of Coal will open the initial price offers and upload on the bidding platform of MSTC E-Commerce,” the official said. “The software will itself declare the highest and lowest offer. The bidding will commence from the highest initial price offer.”

Process: The e-auction will be conducted on the e-commerce portal of government-owned MSTC. The bidding time for every mine is two hours, the bid submission window eight minutes. Bidding will close when there is no bid for eight minutes. As long as the bids keep coming, the process can continue beyond two hours, a ministry official said. The MSTC system will declare the highest bidder or the preferred bidder. The nominated authority of the commercial coal auction will evaluate all bids, submit to the Ministry of Coal, which will declare the successful bidder.

Eligibility: Coal mine auctions began in June after the ministry opened the process for mining and sale. In an amendment, international companies, non-mining companies, and large miners were made eligible.

Adani Enterprises has submitted bids through its various companies for 12 mines, the highest among all contenders. Apart from Adani, Hindalco, Jindal Power, JSW Steel, Vedanta, Welspun Steel, non-coal companies, medium-sized enterprises, and state government mining companies are participating in the auction. However, no international player has placed an offer.

The technical round under which the companies submitted their eligibility and initial price offer closed last month. Of the 38 coal blocks offered by the Ministry of Coal, it received interest from 46 companies for 19 blocks.

Source: PIB

In the second and final round of the auction process of coal mines this week, 19 coal blocks will be put up for e-auction. The auction starts November 2 and ends November 9. Technically qualified bidders will be announced two hours before auctioning begins on Monday the 2nd. An official spokesperson said there will be hardly any manual intervention after initial offers are uploaded. “Two officers from the Central Mine Planning & Design Institute and the Ministry of Coal will open the initial price offers and upload on the bidding platform of MSTC E-Commerce,” the official said. “The software will itself declare the highest and lowest offer. The bidding will commence from the highest initial price offer.” Process: The e-auction will be conducted on the e-commerce portal of government-owned MSTC. The bidding time for every mine is two hours, the bid submission window eight minutes. Bidding will close when there is no bid for eight minutes. As long as the bids keep coming, the process can continue beyond two hours, a ministry official said. The MSTC system will declare the highest bidder or the preferred bidder. The nominated authority of the commercial coal auction will evaluate all bids, submit to the Ministry of Coal, which will declare the successful bidder. Eligibility: Coal mine auctions began in June after the ministry opened the process for mining and sale. In an amendment, international companies, non-mining companies, and large miners were made eligible. Adani Enterprises has submitted bids through its various companies for 12 mines, the highest among all contenders. Apart from Adani, Hindalco, Jindal Power, JSW Steel, Vedanta, Welspun Steel, non-coal companies, medium-sized enterprises, and state government mining companies are participating in the auction. However, no international player has placed an offer. The technical round under which the companies submitted their eligibility and initial price offer closed last month. Of the 38 coal blocks offered by the Ministry of Coal, it received interest from 46 companies for 19 blocks.Source: PIB

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..