Coal mine auctions: Commercial tranche 2 gains traction

21 May 2021 CW Team

The Ministry of Coal informed the media on Tuesday that India's second tranche of commercial coal auctions has received traction, with the purchase of at least 50 tenders documents by prospective bidders.

India has the fourth-largest coal reserves in the world and is the second-largest producer of coal. With the global shift to green energy in order to address growing environmental concerns, the Indian government is trying to make a controlled coal reserve system within the next three decades.

The Ministry of Coal had launched the auction process for coal mines under the Coal Mines (Special Provisions) Act and the Mines and Minerals (Development and Regulation) Act earmarked for sale of coal on 25 March 2021.

India listed 67 mines in Jharkhand, Odisha, Madhya Pradesh, Maharashtra, Andhra Pradesh and Chhattisgarh for the second tranche of commercial coal mine auctions.

The ministry said it received a tremendous response to the second tranche of the commercial coal auctions, with around 50 mine specific tender documents being purchased by bidders to date while many other prospective bidders in the process of registration and purchase of the tender documents from the auction portal.

The two-stage auction process lets bidders quote the percentage revenue share over the reserve price. There will be no restriction on the sale and utilisation of coal from the mines. Earlier, blocks were allocated to companies on payment of fixed amounts per tonne.

Image Source

Also read: Ministry adds 11 more coal mines for auction

Also read: Govt to meet bidders in second phase of commercial coal mining auction

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..