Coal Ministry receives 38 bids for commercial mines’ auction
COAL & MINING

Coal Ministry receives 38 bids for commercial mines’ auction

The Coal Ministry announced that it had received overall 38 bids from the three rounds of auctions for commercial coal mines.

The coal ministry revealed that the online bids submitted as part of the auction process would be open and in the presence of interested potential bidders.

It said that offline submissions were due at 16:00 hours on June 27, 2022, while online submissions for all coal mines had a deadline of 12:00 hours on that day.

The fifth tranche of the commercial mines' auction got 28 offline offers for 15 coal mines. Six bids were received for the nine coal mines that were put up for sale under the second attempt of the third tranche.

Four coal mines were put up for auction during the fourth round's second try, and four bids were proposed in opposition to three coal mines.

The ministry started the fifth round of commercial coal mine auctions, which was the second try at the fourth and third tranche.

In 2020, Prime Minister Narendra Modi announced the auction of 41 coal mines for commercial mining, claiming that this was a significant step toward achieving energy independence for India.

The prime minister declared that India would win the Coronavirus war, convert this crisis into an opportunity, and become self-sufficient as he started the auction of mines for commercial mining.

Image Source

Also read: India’s domestic coal production goes up by 28% as of June 16, 2022

The Coal Ministry announced that it had received overall 38 bids from the three rounds of auctions for commercial coal mines. The coal ministry revealed that the online bids submitted as part of the auction process would be open and in the presence of interested potential bidders. It said that offline submissions were due at 16:00 hours on June 27, 2022, while online submissions for all coal mines had a deadline of 12:00 hours on that day. The fifth tranche of the commercial mines' auction got 28 offline offers for 15 coal mines. Six bids were received for the nine coal mines that were put up for sale under the second attempt of the third tranche. Four coal mines were put up for auction during the fourth round's second try, and four bids were proposed in opposition to three coal mines. The ministry started the fifth round of commercial coal mine auctions, which was the second try at the fourth and third tranche. In 2020, Prime Minister Narendra Modi announced the auction of 41 coal mines for commercial mining, claiming that this was a significant step toward achieving energy independence for India. The prime minister declared that India would win the Coronavirus war, convert this crisis into an opportunity, and become self-sufficient as he started the auction of mines for commercial mining. Image Source Also read: India’s domestic coal production goes up by 28% as of June 16, 2022

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?