Ministry of Coal

Day 3 of Commercial Coal Mine Auction

Posted On: 04 NOV 2020 5:59PM by PIB Delhi

                 Four (4) coal mines (3 in Madhya Pradesh and 1 in Chhattisgarh) were put up for auction on Day 3 of Commercial Coal Mine Auction.The total geological reserves of the mines put up for auction are ~161 MT with a cumulative PRC of ~7 MTPA.

The e-auction witnessed strong competition amongst the bidders with allmines attracting good premiums over the floor price.

The results for Day 3 are as under:

S. No.

Name of the Mine

State

PRC (mtpa)

Geological Reserves (MT)

Closing Bid Submitted by

Floor Price (%)

Final Offer (%)

Annual Revenue Generated based on PRC of mine (Rs. Cr.)

1

Gare-Palma-IV/1

Chhattisgarh

6.00

84.262

JINDAL POWER LIMITED/64849

4

25.00

652.10

2-3

Gotitoria (East)

Madhya Pradesh

0.30

7.452

BOULDER STONE MART PRIVATE LIMITED/154034

4

54.00

70.77

Gotitoria (West)

4

Urtan North

Madhya Pradesh

0.60

69.823

JMS MINING PRIVATE LIMITED/147074

4

9.50

84.64

 

 

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RJ/NG



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