Commercial coal auction: New players take lead in second phase

05 Aug 2021 CW Team

The commercial coal auction's third day, which is into the second phase, witnessed new players bidding for coal blocks.

For the three mines proposed, CG Natural Resources Private Limited, Shreesatya Mines Private Ltd, and Prakash Industries Ltd, CG Natural Resources Private Ltd, were the successful bidders.

For the Bhaskarpara mine in Chhattisgarh, Prakash Industries quoted a price of 55.7%, the highest bid that day. CG Resources priced 4% premium for Khargaon mine, Chhattisgarh, and Shreesatya Mine quoted a 54.5% premium for Burakhap mine, Jharkhand.

Sunflag Iron & Steel Company quoted a 79% premium, the high record bid for the Bhivkund mine in Maharashtra.

The Ministry of Coal has placed 19 mines in the second round of the auction. Out of the total mines, ten are completely explored, and nine are partly explored mines. There are four coking coal mines, and 15 are non-coking ones.

In 2020, the centre started the coal mining sector by private companies entering the commercial mining and coal sale field. In May, it amended the Coal Mines (Special Provisions) Act, 2015, to begin the coal auction for non-mining, foreign companies, and MSMEs.

In November, the two-part auction ended when firms submitted bids for 19 out of 38 coal blocks on offer.

Image Source

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

Also read: Ministry of Coal revises timelines for second tranche of coal auctions

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..