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Day -1 of Commercial Coal Mine Auction – 4th Tranche

New Delhi: Ministry of Coal had launched the auction of coal mines for commercial mining under 14th Tranche of CMSP Act and 4th Tranche of MMDR Act on December 16, 2021. On the 1stday of the e-auction, four coal mines( under CMSP Act) were put up for  auction and the details of the  mines are as under: –

  • All four  coal mines are fully explored coal mines
  • The total geological reserves for these coal mines are 498.10 Million Tonnes.
  • Cumulative PRC for these coal mines is 10.76 MT per year.

The results for Day 1 are as under:

S. No. Name of the Mine State PRC (mtpa) Geological Reserves (MT) Closing Bid Submitted by Reserve Price (%) Final Offer (%)
1 Rabodih OCP Jharkhand 2.50 133.17 Twenty First Century Mining Private Limited / 242211 4.00 6.00
2 Chinora Maharashtra 0.256 17.85 BS Ispat Ltd / 64979 4.00 53.00
3-4 Utkal B1 & Utkal B2 Odisha 8.00 347.08 Jindal Steel and Power Limited / 64898 4.00 15.25