Auction of commercial coal mining attracts 31 bidders
01 July 2022
The auction process of 122 coal/lignite mines for commercial use of coal, launched by ministry of coal on 30 March 2022, has so far attracted 31 bidders. Technical bids comprising online and offline bid documents were opened on 28 June, after the deadline for submission of technical bids ended on 27 June 2022.
Bids were received for all mines on offer except for 10 mines (Parbatpur Central coal mine and 9 lignite mines), according to the coal ministry.
The online bids were decrypted and opened electronically in the presence of the bidders. Subsequently, sealed envelopes containing offline bid documents were also opened in the presence of bidders. The entire process was displayed on the screen for the bidders.
A total of 38 bids were received under three tranches of commercial coal mine auctions. Under the fifth tranche of auctions, a total of 28 bids were received against 15 coal mines, where 2 or more bids have been received for 8 coal mines. Under the second attempt of third tranche, a total of nine coal mines were put up for auction and six bids have been received against six coal mines.
Under the second attempt of fourth tranche, a total of four coal mines were put up for auctions and four bids have been received against three coal mines.