CG, Maha mines get lower bids in second tranche of coal block auctions

10 Aug 2021 CW Team

Adani Power Maharashtra Limited of Adani Group received the Gondkhairi block at a bid of 9.5% over and above the reserve price. A company from the city, Sunflag Iron and Steel Limited, received Bhivkund block for an offer of 9% over and above the reserve price in the Chandrapur district.

CG Natural Resources Private Limited, another Adani Group company, bagged two coal blocks in Chhattisgarh for a bid of 6%. CG Natural Resources was set up for operations in Chhattisgarh. Adani Power in Maharashtra has a power plant in the Gondia district in Tiroda.

The tenders have been floated based on the percentage hike offered on the reserve price. The fixed cost of the reserve is at 4% of the representative price of the coal block, and the latter is calculated based on numerous factors such as notified price, imported price channel, the volume of coal, etc. A source in the sector told the media that the parties that are interested should bid at a rate higher than 4% of the reference price.

There is a significant difference between the offers received for those in Chhattisgarh and Maharashtra, and other mines. Rauta mine in Jharkhand, for example, received an offer of 75% over the reserve rate. Shreesatya Mines Private Limited bagged the mine, and Prakash Industries received the Bhaskarpara mine in Chhattisgarh for a bid of 55.75% over the reserve price.

Jharkhand's two other mines received an offer of 54.50% and 24.25%. The blocks have been awarded to South West Pinnacle Exploration Limited and Shreesatya Mines, respectively.

The offers received by Maharashtra in terms of percentage for the mines was also substantially less than those situated in the state auctioned in the first tranche last year.

Aurobindo Realty and Yazdani International Private Limited bagged the Takli Jena Bellora, and Marki Mangli-II blocks in Chandrapur, respectively and both the companies bid at 30.75% more than the reserve rate.

Image Source

Also read: Commercial coal auction: New players take lead in second phase

Also read: Govt gets bids for 19 coal mines in commercial mining auction

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

During the second tranche of coal block auctions for commercial exploitation, the mines in Chhattisgarh and Maharashtra have brought in the lowest bids in terms of percentage hikes proposed over the reserve price. Adani Power Maharashtra Limited of Adani Group received the Gondkhairi block at a bid of 9.5% over and above the reserve price. A company from the city, Sunflag Iron and Steel Limited, received Bhivkund block for an offer of 9% over and above the reserve price in the Chandrapur district. CG Natural Resources Private Limited, another Adani Group company, bagged two coal blocks in Chhattisgarh for a bid of 6%. CG Natural Resources was set up for operations in Chhattisgarh. Adani Power in Maharashtra has a power plant in the Gondia district in Tiroda. The tenders have been floated based on the percentage hike offered on the reserve price. The fixed cost of the reserve is at 4% of the representative price of the coal block, and the latter is calculated based on numerous factors such as notified price, imported price channel, the volume of coal, etc. A source in the sector told the media that the parties that are interested should bid at a rate higher than 4% of the reference price. There is a significant difference between the offers received for those in Chhattisgarh and Maharashtra, and other mines. Rauta mine in Jharkhand, for example, received an offer of 75% over the reserve rate. Shreesatya Mines Private Limited bagged the mine, and Prakash Industries received the Bhaskarpara mine in Chhattisgarh for a bid of 55.75% over the reserve price. Jharkhand's two other mines received an offer of 54.50% and 24.25%. The blocks have been awarded to South West Pinnacle Exploration Limited and Shreesatya Mines, respectively. The offers received by Maharashtra in terms of percentage for the mines was also substantially less than those situated in the state auctioned in the first tranche last year. Aurobindo Realty and Yazdani International Private Limited bagged the Takli Jena Bellora, and Marki Mangli-II blocks in Chandrapur, respectively and both the companies bid at 30.75% more than the reserve rate. Image Source Also read: Commercial coal auction: New players take lead in second phase Also read: Govt gets bids for 19 coal mines in commercial mining auction

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..