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

14 Oct 2021 CW Team

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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..