Coal auction: 67 blocks on offer in second phase

29 Mar 2021 Editorial Team

The Ministry of Coal has begun auction of 67 coal blocks under the second phase of commercial coal auctions.

The Ministry told the media that it would be a rolling auction through which even if seven blocks are picked immediately, companies will be able to pick the remaining blocks anytime, as it will be on offer 24x7 on the ministry's website.

Spread over Madhya Pradesh, Jharkhand, Chhattisgarh, Maharashtra, Odisha, and Andhra Pradesh, out of the 67 blocks, 37 are fully explored, meaning it could be brought to production immediately, and 30 partially. Companies will have to submit technical bids in the first stage.

During the second round held early this year, only Vedanta submitted bids for the Kuraloi mines in Odisha, out of the four blocks on offer.

During the first round of auctions held in November last year, 19 mines received successful bids out of the 38 on offer. The companies that won blocks in that round included:

Adani Enterprises (AEL)

Aurobindo Reality And Infrastructure

Boulder Stone Mart

Chowgule And Company

EMIL Mines And Mineral Resources

Fairmine Carbons

Hindalco Industries

Jindal Power

JMS Mining

Sarda Energy And Minerals

Stratatech Mineral Resources

The Andhra Pradesh Mineral Development Corporation

Vedanta

Yazdani International

The first round is expected to generate annual revenue of Rs 7,000 crore for states like Madhya Pradesh, Jharkhand, Odisha, Maharashtra and Chhattisgarh.

The ministry said that the coal and mining sector contributes around 1.75% to the country's gross domestic product now, which the ministry wants to increase to 2.5%by 2024-25 through increased private participation.

This comes after the Lok Sabha recently cleared a bill to amend the Mines and Mineral (Development and Regulation) Act. The bill proposed removing the distinction between captive and non-captive mines and the introduction of a National Mineral Index for various statutory payments.

According to the ministry, in the first 15 days of March, the country's power demand increased by more than 20%, compared to the same period last year. Notably, the coal sector contributed 22% of this additional requirement, also compensating for a 2% shortage from the nuclear sector.

Image: In February, the coal ministry added 11 additional coal mines for auction.

Also read: Delhi high court rejects petitions against coal auction Also read: Panel to set up coal mines for auction

The Ministry of Coal has begun auction of 67 coal blocks under the second phase of commercial coal auctions.The Ministry told the media that it would be a rolling auction through which even if seven blocks are picked immediately, companies will be able to pick the remaining blocks anytime, as it will be on offer 24x7 on the ministry's website.Spread over Madhya Pradesh, Jharkhand, Chhattisgarh, Maharashtra, Odisha, and Andhra Pradesh, out of the 67 blocks, 37 are fully explored, meaning it could be brought to production immediately, and 30 partially. Companies will have to submit technical bids in the first stage.During the second round held early this year, only Vedanta submitted bids for the Kuraloi mines in Odisha, out of the four blocks on offer.During the first round of auctions held in November last year, 19 mines received successful bids out of the 38 on offer. The companies that won blocks in that round included:Adani Enterprises (AEL)Aurobindo Reality And InfrastructureBoulder Stone MartChowgule And CompanyEMIL Mines And Mineral ResourcesFairmine CarbonsHindalco IndustriesJindal PowerJMS MiningSarda Energy And MineralsStratatech Mineral ResourcesThe Andhra Pradesh Mineral Development CorporationVedantaYazdani International The first round is expected to generate annual revenue of Rs 7,000 crore for states like Madhya Pradesh, Jharkhand, Odisha, Maharashtra and Chhattisgarh. The ministry said that the coal and mining sector contributes around 1.75% to the country's gross domestic product now, which the ministry wants to increase to 2.5%by 2024-25 through increased private participation.This comes after the Lok Sabha recently cleared a bill to amend the Mines and Mineral (Development and Regulation) Act. The bill proposed removing the distinction between captive and non-captive mines and the introduction of a National Mineral Index for various statutory payments.According to the ministry, in the first 15 days of March, the country's power demand increased by more than 20%, compared to the same period last year. Notably, the coal sector contributed 22% of this additional requirement, also compensating for a 2% shortage from the nuclear sector.Image: In February, the coal ministry added 11 additional coal mines for auction.Also read: Delhi high court rejects petitions against coal auction Also read: Panel to set up coal mines for auction

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..