Govt organises pre-bid meeting for auction of 11 coal mines
COAL & MINING

Govt organises pre-bid meeting for auction of 11 coal mines

On Monday, the Ministry of Coal held a pre-bid meeting for prospective bidders to sell 11 coal mines.

The ministry had also launched the second attempt of the bid for 11 coal mines, earmarked for the sale of coal in September.

Single bids were fetched from the first attempt of the bidding launched on 25th March 2021.

According to the Ministry of Coal, the presentations were prepared based on the terms and conditions of the bidding, technical details of the mines, National Coal Index by the State Bank of India (SBI) Capital Markets Limited, Central Mine Planning and Design Institute (CMPDI) and Deputy Director-General, respectively.

The bidding process will take place online through a transparent two stages process based on percentage revenue share.

The main features of the bidding are the introduction of the National Coal Index, easy participation without restrictions for earlier coal mines experience, flexibility in coal utilisation, optimising payment modes, efficient promotions via incentives for early production and using clean coal technology.

Image Source


Also read: Govt launches second attempt of commercial coal mine auction

Also read: 15 CBM blocks on offer in the first bidding round in over a decade

On Monday, the Ministry of Coal held a pre-bid meeting for prospective bidders to sell 11 coal mines. The ministry had also launched the second attempt of the bid for 11 coal mines, earmarked for the sale of coal in September. Single bids were fetched from the first attempt of the bidding launched on 25th March 2021. According to the Ministry of Coal, the presentations were prepared based on the terms and conditions of the bidding, technical details of the mines, National Coal Index by the State Bank of India (SBI) Capital Markets Limited, Central Mine Planning and Design Institute (CMPDI) and Deputy Director-General, respectively. The bidding process will take place online through a transparent two stages process based on percentage revenue share. The main features of the bidding are the introduction of the National Coal Index, easy participation without restrictions for earlier coal mines experience, flexibility in coal utilisation, optimising payment modes, efficient promotions via incentives for early production and using clean coal technology. Image SourceAlso read: Govt launches second attempt of commercial coal mine auction Also read: 15 CBM blocks on offer in the first bidding round in over a decade

Next Story
Infrastructure Transport

Pune’s Double-Decker Flyover to Open by June 30

Pune is on the brink of a major urban infrastructure upgrade as the Pune Metropolitan Region Development Authority (PMRDA) confirms the Savitribai Phule Pune University (SPPU) Chowk double-decker flyover is nearing completion and set to open by 30 June 2025.Strategically positioned on the heavily used Ganeshkhind Road, the project is designed to significantly ease traffic congestion and improve flow across critical junctions. The innovative two-tier structure features the Hinjewadi–Shivajinagar Metro line on its upper deck and a road-level carriageway below to streamline vehicular traffic.Th..

Next Story
Infrastructure Urban

Vodafone Idea to Launch 5G in 17 Circles by August

Vodafone Idea has announced it will roll out its 5G services across all 17 of its priority telecom circles by August 2025. The operator also confirmed that its commercial 5G services will go live in Delhi NCR from 15 May, following earlier launches in Mumbai, Chandigarh, and Patna.The company has prioritised investment in 17 of India’s 22 telecom circles—including Mumbai, Delhi, Punjab, Madhya Pradesh, and both Uttar Pradesh East and West—for several quarters now.For the Delhi NCR launch, Vodafone Idea has partnered with Ericsson to deploy 5G infrastructure designed for energy efficiency..

Next Story
Infrastructure Urban

Gujarat Allocates Rs 22 Bn to Boost Urban Infra

The Gujarat government has approved an allocation of Rs 22.04 billion under the Swarnim Jayanti Mukhyamantri Shaheri Vikas Yojana (SJMMSVY), aimed at revitalising urban infrastructure across the state. This funding supports a wide array of projects, including road construction and widening, underground drainage systems, stormwater lines, gardens, libraries, recharge wells, city beautification, identity-based projects, and the strengthening of social infrastructure.The initiative is part of Gujarat’s broader vision to foster eco-friendly, inclusive, and resilient urban centres. Declaring 2025..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?