A call for segregation of bidders for Transparency in Mine Auctions

26 Mar 2024 CW Team

Stakeholders advocate for segregating committed bidders from others in mine auctions to address regulatory concerns. Gouranga Sen, Group Head of Economic & Policy Analysis at Vedanta Limited, stressed the importance of distinguishing serious participants from non-serious ones during a panel discussion at Economic Times Infra's Global Metals and Mining event in New Delhi.

Sen proposed shifting from progressive to single-stage bidding for mine auctions to differentiate serious and non-serious bidders.

According to Suresh Chandra Suman, director of mines at NLC India Limited, the policy shift towards auctioning mines has significantly enhanced transparency, benefiting states where mines are auctioned. The amendment to the Mines and Minerals (Regulation and Development) Act of 2015 mandated auctioning mineral concessions to ensure fairness in resource allocation.

Suman highlighted the auction process's positive outcomes, particularly in states like Jharkhand and Chhattisgarh. Addressing the debate on reverting to administrative allotment of mines, as was the practice before the regulatory reforms, Navneet Kumar, Head of Business Development & Operations at Skill Council for Mining Sector, advocated for continuing the auction process. He stressed the need for India, as a growing economy, to generate revenue through mine auctions.

Panel members underscored coal's continued significance as the most cost-effective energy source and prioritized sustainable extraction practices. V.K. Shukla, General Manager at Central Coalfields Ltd, projected India's annual coal production to reach 1.5 billion tonnes by 2030.

Resources

28 Apr 2025

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..