22 companies submit bids for commercial coal mining auction

In the commercial coal mining auction, 22 companies have placed 35 bids for 18 coal blocks, revealed the press release of the Coal Ministry. The bid for coal mining was started on March 29, 2023, by the Nominated Authority of the Coal Ministry.

Sherband coal mine has seen the highest number of bids which is seven followed by coal mines such as Pathora East, Tara, Meenakshi West, and other coal mines selected.

Five public sector companies (PSC) have submitted bids in the ongoing round of commercial coal mines’ auction along with others.


Jindal Steel and Power Ltd (JSPL), NLC India, Bajrang Power and Ispat Limited, Gujarat Mineral and Development Corporation (GMDC), and Bull Mining Pvt Ltd have bid for three blocks each, said the Ministry.

Hindalco Industries Limited, NTPC Mining, and Sunflag Iron and Steel Ltd have bid for two coal mines each in the seventh round.

The remaining 14 companies which include players like Nalwa Steel and Power Limited, Nuvoco Vistas Corp Ltd, and Odisha Coal and Power Limited have bid for one mine each.

The bids for coal mining will be evaluated by a multi-disciplinary Technical Evaluation Committee. The bidders who will be qualified further will be shortlisted for participation in the electronic auction which will be conducted on the Ministry of Steel, Government of India (MSTC) portal.

The cumulative peak rated capacity ( PRC) of the fully explored coal mines is 47.80 million tonnes per annum (MTPA). 16 coal mines are non-coking coal mines whereas one mine is a coking coal mine.

(With inputs from PTI)