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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code