Ministry of Coal

Day 2 of Commercial Coal Mine Auction – Euphoria Continues

Posted On: 03 NOV 2020 5:53PM by PIB Delhi
  • 4 coal mines (3 in Madhya Pradesh and 1 in Jharkhand) were put up for auction on Day 2 of  Commercial Coal Mine Auction.
  • The total geological reserves of the mines put up for auction are ~1085 MT with a cumulative PRC of ~9 MTPA.
  • The e-auction witnessed strong competition amongst the bidders with all mines attracting good premiums over the reserve price.

The results for Day 2 are as under:

S. No.

Name of the Mine

State

PRC (mtpa)

Geological Reserves (MT)

Preferred Bidder

Floor Price (%)

Final Offer (%)

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

1

Bandha

Madhya Pradesh

5.00

441.50

EMIL MINES AND MINERAL RESOURCES LIMITED/148771

4

21.00

799.82

2

Brahmadiha

Jharkhand

0.15

5.00

THE ANDHRA PRADESH MINERAL DEVELOPMENT CORPORATION LTD/75892

4

41.75

114.81

3

Dhirauli

Madhya Pradesh

3.00

586.39

STRATATECH MINERAL RESOURCES PRIVATE LIMITED/147828

4

12.50

398.27

4

Sahapur West

Madhya Pradesh

0.60

52.68

SARDA ENERGY AND MINERALS

LIMITED/64896

4

26.00

103.83

 

 

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RJ/NG



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