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

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..