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  • Unsold Coal Mines Attract Bids in Third Round (27-July 2015)
  • Auction of Coal Mines in Third Round (23-July 2015)
  • Profit and Functioning of CIL (23-July 2015)
  • Measures Taken to Ensure Mining Operations in Auctioned and Allotted Mines (23-July 2015)
  • Rationalisation of Sources of Coal (23-July 2015)
  • Auction of Ten Coal Mines – Third Tranche Announced (04-June 2015)
  • New Coal India Corporate Headquarters Building Inaugurated (15-May 2015)
  • CIL Gearing up for One Billion Tonne Coal Production Mark (15-May 2015)
  • e-Auctioning of Coal Blocks (11-May 2015)
  • Allocation of Coal Mines to Government Companies/Corporations (07-May 2015)
  • Quick Clearances for Coal Blocks (30-April 2015)
  • Inter- Ministerial Committee for Coal Linkages (30-April 2015)
  • Reverse Bidding for Power Plants (30-April 2015)
  • Modernisation of Coal Mining Technology (27-April 2015)
  • Independent Regulator for Coal Sector (27-April 2015)
  • Re-Allotment of 67 Coal Mines Through Auction & Allotment; Estimated Revenue of Rs 3,35,370 Crore Likely to be Generated (23-April 2015)
  • State-Wise Details of 29 Coal Mines Auctioned so far Along-with Specified End-Uses and Estimated Revenue Which Would Accrue to Coal Bearing State During the Life of Mine/Lease Period (23-April 2015)
  • Fuel Supply Agreements (23-April 2015)
  • Ministries of Railways, Coal & Odisha Government Signs an MoU for Formation of Joint Venture to Undertake Rail Infrastructure for Evacuation of Coal (20-April 2015)
  • Coal Ministry Approves Transfer of Existing Coal Linkage of Panipat TPS to a New Supercritical Plant to be Set up at the Same Location (17-April 2015)
 
Ministry of Coal

Unsold Coal Mines Attract Bids in Third Round

 

The third tranche of Coal mine auctions have received bids for several mines which were offered in earlier rounds but failed to find bidders .Out of 10 mines which were put on the block this time,6 were mines which had been offered earlier but did not attract enough bidders.Mines like Parbatpur Central which could not be sold earlier have received bids from Industry majors like JSW Steel and SAIL. Lloyd Steel and Topworth Urja amongst others have bid for Marki-Mangli-I. Jamkhani, which was withdrawn from the auction last time, has received the highest number of bids at 6.

 

Big private sector players like JSW, Hindalco. Jindal Iron and Steel, BALCO, Bhushan Power and Steel, ACC and Vedanta apart from SAIL and RINL are in the fray.

 

The Tender Process for Tranche III of auction for ten (10) coal mines comprising of two (2) Schedule II and eight (8) Schedule III coal mines started on June 8, 2015 with the release of Tender Documents. As a part of the auction process, Technical Bids comprising of online and offline bid documents were opened today 3:00 pm onwards at SCOPE Convention Centre, SCOPE Complex, New Delhi, in the presence of the bidders.

 

In the first stage of the tender process, bidders submitted their Technical Bids on MSTC’s portal created for the purpose. Bidders were also required to submit a sealed envelope containing Bank Guarantee for bid security, Power of Attorney supported by Board Resolution or extract of charter documents and the Affidavit. The cut-off time for submission of Technical Bids was 2:00 pm on July 24, 2015.

 

The online bids were decrypted and opened electronically in the presence of the bidders. Entire process was displayed on the screen for the bidders. Subsequently, sealed envelopes containing offline bid documents were also opened in the presence of bidders. The bids will be evaluated by a multi-disciplinary Technical Evaluation Committee and Technically Qualified Bidders would be shortlisted for participation in the electronic auction to be conducted on MSTC portal from August 11, 2015.

 

 

Number of bids received for each of the coal mine is as given below:

 

S. No.

Name of Coal Mine

Number of Bids

1

Bhaskarpara

3

2

Chitarpur

5

3

Dongeri Tal – II

2

4

Jamkhani

6

5

Kosar Dongergaon

1

6

Majra

6

7

Marki Mangli – I

3

8

Marki Mangli – IV

0

9

Parbatpur Central

3

10

Sondhia

2

 

Note: The abovementioned list is indicative. Physical verification of supporting documents against each bid is still being carried out. The final list of mine-wise bidders will be published on MSTC’s website shortly.

 

 

 

RM/RS

 

 

 

 

 

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