Built to inform

Sign up for the daily newsletters

No, Thank you

Government begins process to auction 27 coal mines

The govt said it is auctioning 21 coal mines for end-use non-regulated sectors and six coking coal mines for end-use iron and steel sector

Coal mines, Ministry of Coal, Coking coal mines, For iron and steel sector, Power sector, Metal Scrap Trading Corporation

The government said it has begun the process of auction of 27 coal mines and allotment of 15 blocks to public sector undertakings. "The Ministry of Coal has started the process of auction of 27 coal mines and allotment of 15 coal mines to central PSU and state PSUs (public sector undertakings)," the coal ministry said in a statement.

According to the objective of auctioning of coal blocks, the government said it is auctioning 21 coal mines for end-use non-regulated sectors and six coking coal mines for end-use iron and steel sector, the ministry said.

In case of allotment of blocks for PSUs, five coal mines are for power sector, nine for sale of coal and one for iron and steel, it said.

"At peak rated capacity (PRC), these 42 coal mines will produce approximately 70 million tonne per annum (MTPA)," it said.

"Notice inviting tender and notice inviting application have been published in the newspaper... The electronic bidding will be conducted on Metal Scrap Trading Corporation (MSTC) platform," it said.

The last date of registration of bidder and sale of tender document is September 13 and the bid's due date is September 19.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

June 2020
10 Jun 2020