Five Coal Mines of Four States Auctioned

Representational Image (Pixabay)

New Delhi: The Ministry of Coal had launched the Notice Inviting Tender (NIT) for the auction of coal mines for commercial mining under the 14th Tranche of CM(SP) Act, 2015, and 4th Tranche of MMDR Act, 1957 on December 16, 2021. During the e-auction conducted on the MSTC platform on March 31st and April 01st, 2022, cumulatively five CMSP coal mines were put up for auction. A summary of these  coal mines is as under:

  • All five coal mines are fully explored coal mines.
  • The total geological reserves for these five coal mines are 665.08 Million Ton(MT).
  • The cumulative PRC for these coal mines is 14.756 MT per annum.

The details of  the coal mines are provided below:

S. NoName of the StateName of the MineGeological Reserves (MT)PRC(MTPA)Annual Revenue projected based on the PRC of mine (Rs. Cr.)Estimated Capital Investment (Rs. Cr.)Estimated Total Employment
1ChhattisgarhGare Palma IV/6166.984.0001255.66600.005408
2JharkhandRabodih OCP133.172.500367.10375.003380
4 & 5OdishaUtkal B1 & B2347.088.0001107.051200.0010,816

The cumulative results for the 4th Tranche of commercial coal mine auction are as under:

S. No.Name of the MineStatePRC (mtpa)Geological Reserves (MT)Closing Bid Submitted byReserve Price (%)Final Offer (%)
1Gare Palma IV/6Chhatisgarh4.000166.98Jindal Steel And Power Limited/648984.0085.25
2Rabodih OCPJharkhand2.500133.17Twenty First Century Mining Private Limited/2422114.006.00
3ChinoraMaharashtra0.25617.85BS Ispat Limited/649794.0053.00
4 & 5Utkal B1 & B2Odisha8.000347.08Jindal Steel and Power Limited/648984.0015.25

Under the commercial coal mining auction process a total of 47 coal mines, including the above five coal mines auctioned in Tranche-4, have been successfully auctioned so far with a total cumulative PRC of 101.440 million ton per annum. (Press Release)

Similar Articles



Most Popular


You cannot copy content of this page

In Order to Strengthen Democracy, Citizens Should Bear the Cost of Impartial Journalism. Join 1-Rupee Campaign