Govt re-invites bids for 4 coal blocks
COAL & MINING

Govt re-invites bids for 4 coal blocks

The Coal Ministry has re-invited bids for four coal blocks, which had their tender process annulled in the first round of auction for commercial mining, as there was only one technically qualified bidder for each mine. Three of these blocks are in Odisha, while the remaining one is in Jharkhand.

Thenotice from the Coal Ministry inviting new bids mentioned that the nominated authority had conducted the first attempt of the first tranche of auction under Coal Mines(CM) (Special Provisions (SP)) Act. Additionally, it conducted the first tranche under the Mines and Minerals (Development and Regulation)(MMDR) Act of Identified Coal Mines tender document that is dated 18 June 2020.

Additionally, it mentioned that technically qualified bidders for the tender were less than two. This was mainly for Chendipada, Chendipada-II as well as Kuraloi (A) North coal mines located in Odisha and Seregarha block, Jharkhand; however, the process was annulled.

The blocks have an annual peak-rated capacity of approximately 52 million tonnes (mt).

The Ministry added that the nominated authority would initiate the second attempt of the auction with the same terms and conditions as the first attempt of auction.

The first auction of coal mines for commercial winning experienced fierce competition.

Previously, Coal Minister Pralhad Joshi mentioned that 19 auctioned mines would generate total revenue of nearly Rs 70 billion per annum while creating more than 69,000 jobs, once it is operational.

Prime Minister Narendra Modi, had launched the auction process for 41 coal blocks for commercial mining, in June. It witnessed some larger corporate groups including Adani Enterprise, Vedanta, Jindal Power as well as Hindalco Industries.

Image Source

The Coal Ministry has re-invited bids for four coal blocks, which had their tender process annulled in the first round of auction for commercial mining, as there was only one technically qualified bidder for each mine. Three of these blocks are in Odisha, while the remaining one is in Jharkhand. Thenotice from the Coal Ministry inviting new bids mentioned that the nominated authority had conducted the first attempt of the first tranche of auction under Coal Mines(CM) (Special Provisions (SP)) Act. Additionally, it conducted the first tranche under the Mines and Minerals (Development and Regulation)(MMDR) Act of Identified Coal Mines tender document that is dated 18 June 2020. Additionally, it mentioned that technically qualified bidders for the tender were less than two. This was mainly for Chendipada, Chendipada-II as well as Kuraloi (A) North coal mines located in Odisha and Seregarha block, Jharkhand; however, the process was annulled. The blocks have an annual peak-rated capacity of approximately 52 million tonnes (mt). The Ministry added that the nominated authority would initiate the second attempt of the auction with the same terms and conditions as the first attempt of auction. The first auction of coal mines for commercial winning experienced fierce competition. Previously, Coal Minister Pralhad Joshi mentioned that 19 auctioned mines would generate total revenue of nearly Rs 70 billion per annum while creating more than 69,000 jobs, once it is operational. Prime Minister Narendra Modi, had launched the auction process for 41 coal blocks for commercial mining, in June. It witnessed some larger corporate groups including Adani Enterprise, Vedanta, Jindal Power as well as Hindalco Industries. Image Source

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?